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    Molycorp Announces Preferred Cash Dividend

    Investing News Network
    Aug. 06, 2012 06:57PM PST
    Rare Earth Investing

    Molycorp Inc. (NYSE:MCP) reported that a cash dividend has been declared on outstanding shares of its 5.50% Series A mandatory convertible preferred stock, equivalent to $1.375 per share.

    Molycorp Inc. (NYSE:MCP) reported that a cash dividend has been declared on outstanding shares of its 5.50% Series A mandatory convertible preferred stock, equivalent to $1.375 per share.

    As quoted in the press release:

    Molycorp will pay the dividend on September 1, 2012 to the holders of record of shares of Series A mandatory convertible preferred stock at the close of business on August 15, 2012. As of August 1, 2012, there were a total of 2,070,000 shares of Series A mandatory convertible preferred stock outstanding.

    Click here to read the full press release.

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