Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,512.38 -3.89 -0.03%
TOPIX 1,171.40 -1.97 -0.17%
HANG SENG 22,760.24 64.23 0.28%

Molycorp Declares Preferred Dividend


FSC / Press Release

Molycorp Declares Preferred Dividend

Greenwood Village, CO, February 05, 2013 /FSC/ - Molycorp, Inc (NYSE: MCP),today announced that its Board of Directors has elected to declare a cash dividend on outstanding shares of its 5.50% Series A mandatory convertible preferred stock in an amount equal to $1.375 per share. Molycorp will pay the dividend on March 1, 2013 to the holders of record of shares of Series A mandatory convertible preferred stock at the close of business on February 15, 2013. As of February 5, 2013, there were a total of 2,070,000 shares of Series A mandatory convertible preferred stock outstanding.

For More Information:

Jim Sims, +1 (303) 843-8062 Vice President Corporate Communications Jim.Sims@Molycorp.com

or

Brian Blackman, +1 (303) 843-8067 Senior Manager, Investor Relations Brian.Blackman@Molycorp.com

ABOUT MOLYCORP, INC.

One of the world's leading manufacturers of custom engineered rare earth and rare metal products, Molycorp is vertically integrated from its world-class rare earth resource to its advanced downstream processing facilities. With 26 locations across 11 countries, the Company also produces rare earth magnetic materials through its Molycorp Magnequench subsidiary, including neodymium-iron-boron (NdFeB) magnet powders, used to manufacture bonded NdFeB permanent rare earth magnets. Through its Intermetallics Japan joint venture with Daido Steel and the Mitsubishi Corporation, Molycorp manufactures next-generation, sintered NdFeB permanent rare earth magnets. Through its Molycorp Advanced Water Technologies subsidiary, the Company markets and sells its proprietary, cerium-based advanced water purification technology called SorbX(tm) for use in municipal and industrial wastewater treatment, recreational water, and pool and spa water treatment markets. For more information please visit www.molycorp.com.

To view this release as a web page, please click on the following link: http://www.usetdas.com/pr/molycorp02052013.htm

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Provider ID: 00021061 -0- Feb/05/2013 12:01 GMT

Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement