ADVFN - Advanced Financial Network.
HOME» NYSE » C » CLF Stock Price » CLF Stock News

Cleveland Cliffs Share News

 Cliffs Natural Resources, Inc. Stock Price
CLF Stock Price
 Cliffs Natural Resources, Inc. Stock Chart
CLF Stock Chart
 Cliffs Natural Resources, Inc. Stock News
CLF Stock News
 Cliffs Natural Resources, Inc. Company Information
CLF Company Information
 Cliffs Natural Resources, Inc. Stock Trades
CLF Stock Trades

Cliffs Natural Doubles Quarterly Dividend

DOW JONES NEWSWIRES Cliffs Natural Resources Inc.'s (CLF) board doubled the mining company's quarterly dividend Monday. Dividends have increased in popularity alongside share buybacks as companies, with operations recovering and credit markets fluid, use extra cash to appeal to investors. The company moved the dividend to 28 cents a share, with the increase costing roughly $19 million each payout. Chief Financial Officer Laurie Brlas said the move reflects "Cliffs's approach to capital allocation, which includes distributing excess cash to shareholders through sustainable ordinary dividend increases." She added that the company's projected growth positions it to deliver "strong future cash flows" this year and beyond. The company reported strong average revenue from product sales in its main iron-ore segment in the latest quarter, which more than offset a decline in the segment's volume. Its overall earnings more than quintupled on benefits from a settlement with ArcelorMittal (MT, MT.AE) in addition to higher pricing across its units. In general, Cliffs' earnings have been soaring recently on not only price gains but also higher volumes, thanks to strong iron-ore demand from China and dim prospects for new output capacity. Shares were up 0.4% at $95.40 after-hours. Through the close, the stock has risen 22% so far this year, better than the market at large. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Cleveland Cliffs (CLF)
DateTimeHeadline
03/28/201510:30:06Cliffs Natural Resources Debt Exchange
03/27/201507:00:00Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend...
03/26/201511:08:33Canada's "Next Oil Sands Miracle" a Bust
03/26/201507:00:00Cliffs Natural Resources Inc. Announces Extension of Exchange...
03/26/201504:24:56It Had To Happen - An Outright Call For Iron Ore Collusion
03/25/201509:13:00Cliffs Natural Resources Inc. Announces Pricing of $540,000,000...
03/24/201507:16:42Cliffs Natural Resources Golden Shield And Gonclaves Will Prevail
03/24/201506:58:21Cliffs Natural Resources: My Thoughts On Recent Developments
03/24/201502:57:13Shake Shack Shares Persist On The Hard To Borrow List
03/23/201516:17:37Cliffs Natural Resources Inc (CLF) Stock Up 11% on Asset Sale
03/23/201510:28:25Cliffs Natural exits Ontarioâs Ring of Fire with $20M sale o...
03/23/201507:00:00Cliffs Natural Resources Inc. Agrees to Sell its Chromite Assets...
03/19/201514:28:24Scotiabank Files Lawsuit Against Cliffs Over Canadian Mine Loans
03/19/201507:00:00Cliffs Natural Resources Inc. Announces Proposed Offering of...
03/15/201503:03:0310 Rife Russell 1000 Dividend Dogs Do 9.42% To 32.35% March Upsides
03/13/201505:15:41Found: A Large Seller In Cliffs
03/13/201503:44:15Cliffs Natural Resources CEO Yearns For Iron Ore Collusion, Uh...
03/11/201523:46:00Cliffs Natural Resources Inc. Announces Results to Date of Exchange...
03/11/201502:10:43Cliffs CEO Urges Iron-Ore Miners to Rethink Supply Surge
03/10/201503:48:21Cliffs Bonds: Thoughts On Tender Decision

Cleveland Cliffs and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad