More on Cliffs Natural Resources' (CLF) Q4 results: Cut its dividend by 76%, to $0.15/share from...

|About: Cliffs Natural Resources Inc. (CLF)|By:, SA News Editor

More on Cliffs Natural Resources' (CLF) Q4 results: Cut its dividend by 76%, to $0.15/share from $0.625. Full-year 2012 revenues of $5.9B fell 11% Y/Y due to lower seaborne pricing. Increased its 2013 capex budget to $800M-$850M from previous expectation of $700M-$800M due to additional investments in its eastern Canadian iron ore business. Shares -4.4% AH.