Cliffs Natural Resources declares dividend

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Mining News Cliffs Natural Resources

Cliffs Natural ResourcesCLEVELAND – Business – Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) have announced that the company’s Board of Directors have declared a quarterly cash dividend on the Company’s 7.00% Series A Mandatory Convertible Preferred Stock, Class A (“Series A preferred stock”).

Cliffs Natural Resources

A dividend of $13.6111 per share, which is equivalent to approximately 34 cents per depositary share, each representing 1/40th of a share of Series A preferred stock.

The cash dividend will be payable on May 1, 2013 to shareholders of record as of the close of business on April 15, 2013.

 As of Feb. 21, 2013, there were a total of 29,250,000 depositary shares, representing a total of 731,250 shares of Series A preferred stock, outstanding.