CLEVELAND, Sept. 10, 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 Nov. 2, 2015 to shareholders of record of the
Series A preferred stock as of the close of business on
Oct. 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.