Cliffs Natural Resources Inc. stockholders have more reason to have confidence in the company. Cliffs today announced that its Board of Directors declared a quarterly cash dividend on the company’s common shares of $0.28 per share. The cash dividend will be payable on March 1, 2012 , to shareholders of record as of the close of business on Feb. 15, 2012.
Cliffs Natural Resources (CLF on the NYSE) closed at 70.23, up 1.41 today – a 2.05 percent gain. The current price is about midway between the 52 weeks range of a 47.31 low to the 102.48 high.