Cleveland-Cliffs Declares Special Dividend, Market Overreacts To Recession Fears [Seeking Alpha]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Seeking Alpha
Cleveland-Cliffs Declares Special Dividend, Market Overreacts To Recession Fears Summary Cleveland-Cliffs announces regular dividend of $0.06 and special dividend of $0.04. The company can afford a one-time payment of additional dividend, but the market panics and pushes shares down at the opening of the trading day. I disagree with the market and believe that the special dividend is a sign of strength rather than weakness. Cleveland-Cliffs ( CLF announced previous dividend This move comes after the stock lost much ground in August (I discussed As of the latest quarterly report At the same time, the resulting $0.10 dividend is not a long-term obligation, so Cliffs can quickly revert to the previous $0.06 dividend if the company feels that current iron ore and steel prices do not lead to expected realized prices for Cliffs’ pellets. While I do not see anything bad with the special dividend decision, the market disagrees – as I write these words, Cliffs’ shares are under material pressu
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News
- Cleveland-Cliffs Is A Long-Term Growth Strategy [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Cleveland-Cliffs Plunged on Tuesday [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs shares fall after Q1 earnings miss estimates [Seeking Alpha]Seeking Alpha
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- CLF's page on the SEC website