Southern Copper Corporation announced on April 23 a quarterly cash dividend of $1.00 per share of common stock and a stock dividend of 0.0100 shares per share, payable on May 29, 2026, to shareholders of record at the close of business on May 13.
The announcement is important for investors as it details both the amount and structure of the upcoming dividends. The company said that any shareholder entitled to receive a fractional share will instead receive cash based on a share price of $187.45, which reflects the average high and low prices from April 23.
Shareholders are not required to take any action to receive the stock dividend. After payment, book entry accounts will be credited with additional shares representing the stock dividend. For those holding shares through brokers, additional shares will be distributed directly to their brokerage accounts on their behalf. The administration of this stock dividend is managed by Computershare, Southern Copper Corporation’s transfer agent.
Southern Copper Corporation describes itself as one of the largest integrated copper producers globally and reports having the industry’s largest copper reserves. The company is listed on both the New York Stock Exchange and Lima Stock Exchange and is owned primarily (88.9%) by Grupo Mexico, with international investors holding an 11.1% stake.
The corporation operates mining units and metallurgical facilities in Mexico and Peru while also conducting exploration activities in Argentina, Chile, Mexico, and Peru.
