Last $21.45 USD
Change Today +0.201 / 0.95%
Volume 7.8M
CLF On Other Exchanges
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As of 12:47 PM 05/22/13 All times are local (Market data is delayed by at least 15 minutes).

cliffs natural resources inc (CLF) Snapshot

Open
$21.34
Previous Close
$21.25
Day High
$21.96
Day Low
$21.12
52 Week High
06/20/12 - $53.13
52 Week Low
04/22/13 - $16.74
Market Cap
3.3B
Average Volume 10 Days
10.9M
EPS TTM
$-0.10
Shares Outstanding
153.1M
EX-Date
05/15/13
P/E TM
--
Dividend
$0.60
Dividend Yield
7.31%
Current Stock Chart for CLIFFS NATURAL RESOURCES INC (CLF)

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cliffs natural resources inc (CLF) Details

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. It operates five iron ore mines located in Michigan and Minnesota; five metallurgical coal mines located in West Virginia and Alabama; and one thermal coal mine located in West Virginia. The company also operates two iron ore mines in eastern Canada that primarily provide iron ore to steel producers in Asia; and two iron ore mining complexes in Western Australia. In addition, it holds a 45% economic interest in a coking and thermal coal mine located in Queensland, Australia; 30% interest in Amapá, an iron ore project in Brazil; and interest in a chromite project in Ontario, Canada. The company, formerly known as Cleveland-Cliffs Inc, was founded in 1847 and is headquartered in Cleveland, Ohio.

7,589 Employees
Last Reported Date: 02/12/13
Founded in 1847

cliffs natural resources inc (CLF) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $311.3K
Executive Vice President and President of Glo...
Total Annual Compensation: $579.8K
Executive Vice President and President of Glo...
Total Annual Compensation: $506.3K
Executive Vice President of Legal, Government...
Total Annual Compensation: $446.1K
Compensation as of Fiscal Year 2012.

cliffs natural resources inc (CLF) Key Developments

Cliffs Natural Resources Inc. Approves Amendment to the Articles of Incorporation

Cliffs Natural Resources Inc. announced that the 2013 Annual Meeting of Shareholders of the Company was held on May 7, 2013. The meeting adopted amendment to the company's Second Amended Articles of Incorporation to adopt majority voting in uncontested director elections, amendment to the company's Second Amended Articles of Incorporation to eliminate cumulative voting in director elections. On May 7, 2013, the Board of Directors approved the Third Amended Articles of Incorporation. On May 13, 2013, the company filed the Third Amended Articles with the Secretary of State of the State of Ohio. The Third Amended Articles consolidate all amendments previously on file with the Ohio Secretary of State inclusive of the Second Amended Articles of Incorporation through the Certificate of Amendment to the Second Amended Articles of Incorporation.

Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend on Common Shares, Payable on June 03, 2013; Declares Quarterly Cash Dividend on Preferred Shares, Payable on August 01, 2013

The Board of Directors of Cliffs Natural Resources Inc. declared a quarterly cash dividend on common shares of $0.15 per share. The cash dividend will be payable on June 3, 2013, to shareholders of record as of the close of business on May 17, 2013. The company's Board of Directors declared a quarterly cash dividend on the company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A, of $17.50 per share, which is equivalent to approximately $0.44 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend will be payable on August 1, 2013 to shareholders of record as of the close of business on July 15, 2013.

Cliffs Natural Resources Inc. Announces Management Changes, Effective May 1, 2013

Cliffs Natural Resources Inc. announced that Steven Raguz, executive vice president, corporate strategy and communications & chief strategy officer, will leave the company effective May 1, 2013. Mr. Raguz is joining a private company in the Cleveland area as their chief financial officer. The company stated that the strategy function will be realigned and now report into Cliff Smith, executive vice president, global business development and a member of Cliffs' executive leadership team.

 

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Price/Earnings NM Not Meaningful
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Price/Book 0.7x
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TEV/Sales NM Not Meaningful
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