Molycorp Announces Preferred Cash Dividend

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.