Cliffs Natural Resources
Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend on Common and Preferred Shares
Cliffs Natural Resources 12.11.2013 22:30 --------------------------------------------------------------------------- CLEVELAND, 2013-11-12 22:30 CET (GLOBE NEWSWIRE) -- Cliffs Natural Resources Inc. (NYSE:CLF) (Paris:CLF) today announced that on Nov. 11, 2013 its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.15 per share. The cash dividend will be payable on Dec. 2, 2013, to shareholders of record as of the close of business on Nov. 22, 2013. Cliffs' Board of Directors also 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 Feb. 3, 2014 to shareholders of record as of the close of business on Jan. 15, 2014. About Cliffs Natural Resources Inc. Cliffs Natural Resources Inc. is an international mining and natural resources company. A member of the S&P 500 Index, the Company is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal. Cliffs' strategy is to continually achieve greater scale and diversification in the mining industry through a focus on serving the world's largest and fastest growing steel markets. Driven by the core values of social, environmental and capital stewardship, Cliffs associates across the globe endeavor to provide all stakeholders operating and financial transparency. The Company is organized through a global commercial group responsible for sales and delivery of Cliffs' products and a global operations group responsible for the production of the minerals the Company markets. Cliffs operates iron ore and coal mines in North America and an iron ore mining complex in Western Australia. In addition, Cliffs has a major chromite project, in the feasibility stage of development, located in Ontario, Canada. News releases and other information on the Company are available on the Internet at: http://www.cliffsnaturalresources.com Follow Cliffs on Twitter at: http://twitter.com/CliffsNR. SOURCE: Cliffs Natural Resources Inc. CONTACT: INVESTOR RELATIONS AND GLOBAL COMMUNICATIONS CONTACTS: Jessica Moran Director, Investor Relations (216) 694-6532 Patricia Persico Director, Global Communications (216) 694-5316 News Source: NASDAQ OMX 12.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Cliffs Natural Resources United States Phone: Fax: E-mail: Internet: ISIN: US18683K1016 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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