Cliffs Natural Sets Preferred Dividends

Before you go, we thought you'd like these...
Before you go close icon

Iron ore miner Cliffs Natural Resources announced today it will pay a dividend on its 7.00% Series A mandatory convertible preferred stock of $17.50 per share, which is equivalent to approximately$0.4375 per depositary share, each representing 1/40th of a share of Series A preferred stock.

The board of directors said the preferred dividend is payable on November 1 to holders of record at the close of business on October 15. The miner also pays a regular dividend payment equating to a $0.60-per-share annual dividend, yielding 2.5% based on the closing price today of Cliffs Natural Resources' stock.

CLF Dividend Chart

CLF Dividend data by YCharts.

The article Cliffs Natural Sets Preferred Dividends originally appeared on

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading