Cleveland-Cliffs Declares Quarterly Cash Dividend on Common Shares
February 18 2020 - 5:27PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that
its Board of Directors declared a quarterly cash dividend on the
Company's common shares of $0.06 per share. The cash dividend will
be payable on April 15, 2020, to shareholders of record as of the
close of business on April 3, 2020.
About Cleveland-Cliffs Inc.
Founded in 1847, Cliffs is the largest and oldest independent
iron ore mining company in the United States. Cliffs 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.
In 2020, Cliffs expects to be the sole producer of hot briquetted
iron (HBI) in the Great Lakes region with the development of its
first production plant in Toledo, Ohio. On December 2, 2019, Cliffs
agreed to acquire AK Steel, a leading North American producer of
sophisticated steel products, which is expected to close in the
first quarter of 2020. Driven by the core values of safety, social,
environmental and capital stewardship, Cliffs’ employees endeavor
to provide all stakeholders with operating and financial
transparency. For more information, visit
http://www.clevelandcliffs.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200218006133/en/
MEDIA CONTACT: Patricia Persico Director, Corporate
Communications (216) 694-5316
INVESTOR CONTACT: Paul Finan Director, Investor Relations
(216) 694-6544
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