Cliffs declares quarterly dividend

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company’s 7.00% Series A Mandatory Convertible Preferred Stock, Class A (“Series A preferred stock”), of $13.6111 per share, which is equivalent to approximately 34 cents per depositary share, each representing 1/40th of a share of Series A preferred stock.

The cash dividend will be payable on May 1, 2013 to shareholders of record as of the close of business on April 15, 2013 .  As of Feb. 21, 2013 , there were a total of 29,250,000 depositary shares, representing a total of 731,250 shares of Series A preferred stock, outstanding.

A member of the S&P 500 Index, Cliffs Natural Resources Inc. is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal.