CLEVELAND, July 1, 2015 /PRNewswire/ -- Cliffs Natural
Resources Inc. (NYSE: CLF) today announced that its Board of
Directors declared a quarterly cash dividend on the Company's 7.00%
Series A Mandatory Convertible Preferred Stock, Class A ("Series A
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 cash
dividend will be payable on Aug. 3,
2015 to shareholders of record of the Series A preferred
stock as of the close of business on July
15, 2015. The Company stated that the aggregate amount of
the preferred dividend payment is approximately $12.8 million.
About Cliffs Natural Resources Inc.
Cliffs Natural
Resources Inc. is a leading mining and natural resources company in
the United States. The Company is
a major supplier of iron ore pellets to the North American steel
industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore
mining complex in Western
Australia. Additionally, Cliffs produces low-volatile
metallurgical coal in the U.S. from its mines located in
Alabama and West Virginia.
Driven by the core values of safety, social, environmental and
capital stewardship, Cliffs' employees endeavor to provide all
stakeholders operating and financial transparency. News releases
and other information on the Company are available at
www.cliffsnaturalresources.com.
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SOURCE Cliffs Natural Resources Inc.