Cleveland-Cliffs Inc

NYSE CLF

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Cleveland-Cliffs Inc Cash Dividend Coverage Ratio 1 year YoY Change (%) for the year ending December 31, 2021: 106.28%

Cleveland-Cliffs Inc Cash Dividend Coverage Ratio 1 year YoY Change (%) is 106.28% for the year ending December 31, 2021, a 145.89% change year over year. The cash dividend coverage ratio assesses a company's ability to cover its dividend payments with its operating cash flow. It is calculated by dividing operating cash flow by dividends paid. This ratio indicates the company's capacity to generate sufficient cash flow to support dividend distributions. A ratio greater than 1 indicates a healthy coverage of dividends, while a ratio less than 1 suggests potential challenges in meeting dividend obligations. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • Cleveland-Cliffs Inc Cash Dividend Coverage Ratio for the year ending December 31, 2021 was 0.40, a 106.28% change year over year.
  • Cleveland-Cliffs Inc Cash Dividend Coverage Ratio for the year ending December 31, 2020 was -6.37, a -231.62% change year over year.
  • Cleveland-Cliffs Inc Cash Dividend Coverage Ratio for the year ending December 31, 2019 was 4.84, a -55.32% change year over year.
NYSE: CLF

Cleveland-Cliffs Inc

CEO Mr. C. Lourenco Goncalves
IPO Date Nov. 5, 1987
Location United States
Headquarters 200 Public Square, Cleveland, OH, United States, 44114-2315
Employees 28,000
Sector Basic Materials
Industry Steel
Description

Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products; austenitic, martensitic, duplex, precipitation hardening, and ferritic stainless steel products; plates; and grain oriented and non-oriented electrical steel products, as well as slab, scrap, iron ore, coal, and coke. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

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StockViz Staff

September 19, 2024

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