Cleveland-Cliffs Inc. (CLF)
Cleveland-Cliffs Inc. (CLF) is a leading supplier of iron ore pellets and steel products in North America. Established in 1847, the company primarily focuses on mining iron ore and producing steel for various applications, including automotive, construction, and machinery industries. Cleveland-Cliffs is recognized for its integrated operations, from mining to manufacturing, and is a significant player in the steel industry with a strong emphasis on sustainable and responsible mining practices.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| April 15, 2020 | $0.06 | 2020-04-02 | 2020-04-03 |
| January 15, 2020 | $0.06 | 2020-01-02 | 2020-01-03 |
| October 15, 2019 | $0.06 | 2019-10-03 | 2019-10-04 |
| October 15, 2019 | $0.04 | 2019-10-03 | 2019-10-04 |
| July 15, 2019 | $0.06 | 2019-07-03 | 2019-07-05 |
Dividends Summary
- Cleveland-Cliffs Inc. has issued 48 dividend payments over the past 16 years
- The most recent dividend was paid 1984 days ago, on April 15, 2020
- The highest dividend payed out to investors during this period was $0.625 per share
- The average dividend paid during this period was $0.16 per share.
Company News
Cleveland-Cliffs is potentially undervalued with strong future growth expectations, trading at 73% of its 52-week high. The company could benefit from domestic steel demand in semiconductor and infrastructure projects, with potential for significant EPS growth and a possible short squeeze.
Cleveland-Cliffs reported Q2 revenue of $4.9 billion with a net loss of $247 million, which exceeded analyst expectations. Multiple analysts upgraded price targets, with KeyBanc changing its rating to overweight and setting a $14 target price.
Law firm investigating potential securities law violations for three companies: Semler, GoHealth, and Cleveland-Cliffs, following DOJ investigations and financial performance issues.
Wall Street indices extended record highs on strong earnings and investor confidence, with gold prices surging to $3,400 amid dollar weakness and speculation about Federal Reserve leadership.
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $14.45, denoting a -1.97% change from the preceding trading day.
