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The Associated Press November 10, 2009, 6:40PM ET

Cliffs Natural raises quarterly dividend

CLEVELAND

Mining and natural resources company Cliffs Natural Resources Inc. said Tuesday it has raised its regular quarterly dividend to 8.75 cents.

Cliffs had reduced its dividend to 4 cents in May to boost its financial flexibility and preserve cash. The dividend is being raised back to its level before this reduction.

The dividend is payable Dec. 1 to shareholders of record as of Nov. 20.

Shares rose 33 cents to $38.19 in after-hours trading. The stock had closed up 6 cents at $37.86.


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