Orlando, FL -- (SBWIRE) -- 09/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Cliffs Natural Resources Inc(NYSE:CLF), FreeSeas Inc. (NASDAQ:FREE).
Cliffs Natural Resources Inc(NYSE:CLF) shares decreased 1.56% to $22.07. The company on Sept. 10 announced that on Sept. 9, 2013 its Board of Directors declared a quarterly cash dividend on the Company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A ("Series A preferred stock"), of $17.50 per share, which is equivalent to approximately $0.4375 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend will be payable on Nov. 1, 2013 to shareholders of record as of the close of business on Oct. 15, 2013.
Additionally, the company on August 27 announced that it has entered into a new Agreement with AK Steel to supply iron ore pellets from 2014 through 2023. The new Agreement includes minimum and maximum volume iron ore pellet purchases from Cliffs, as outlined in the Agreement. Cliffs will continue to supply AK Steel with iron ore pellets for the remainder of 2013 and 2014 under the previous Agreement between the two companies.
Are investors worried about the recent updates with CLF? Find out with a free trend analysis HERE
FreeSeas Inc. (NASDAQ:FREE) shares fell 7.11% and closed at $0.260. The company on August 5 announced that the previously announced agreement (the "Agreement") among Deutsche Bank Nederland N.V.(the "Bank"), the Company, various wholly-owned subsidiaries of the Company and Hanover Holdings I, LLC (the "Investor") is effective with the deposit of $2,539,657 into an escrow account. The Bank, the Investor and the Company are committed for a smooth execution of the transaction as per terms of the Agreement.
Is FREE going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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