Cliffs Natural Resources (CLF) NewsBite - CLF Lifts Dividend
Posted: Wednesday, November 11, 2009 11:02 AM EDT
By: Market Intelligence Center Staff
Cliffs Natural Resources (NYSE: CLF) opened at $38.94. So far today, the stock has hit a low of $38.70 and a high of $39.65. CLF is now trading at $39.50, up $1.64 (4.33%). Over the last 52 weeks the stock has ranged from a low of $11.80 to a high of $40.21. Last night, CLF's board voted to increase its quarterly dividend to 8.75 cents per share, up from 4 cents per share. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for CLF. If you are looking for a hedged play on CLF the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Cliffs Natural Resources (CLF) Stock ReportSee what our analysts have uncovered about Cliffs Natural Resources (CLF).