Cliffs Natural Resources (CLF) reported fourth quarter adjusted EPS of $0.62 after the close Tuesday, down from $1.49 a year ago. The consensus estimate was for EPS of $0.58.
The Company's board has approved a meaningful reduction of 76 percent in its quarterly cash dividend rate to $0.15 from $0.625 per common share.
Cliffs Natural Resources gapped open sharply lower Wednesday and fell during the first hour of trade. The stock finished down by 7.32 at $29.29 on the highest volume of the year and dropped to a 2-month low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.