Cleveland-Cliffs Declares Third Quarter 1998 Dividend.CLEVELAND--(BUSINESS WIRE)--July 14, 1998--Cleveland-Cliffs Inc (NYSE NYSE See: New York Stock Exchange :CLF CLF The ISO 4217 currency code for Chile Unidades de Fomento. ) today announced that its Board of Directors declared a quarterly dividend of $.375 per common share. The dividend is payable September 1, 1998 to shareholders of record as of the close of business on August 13, 1998. The rate is unchanged from the previous quarterly dividend. Cleveland-Cliffs is the largest supplier of iron ore products to the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. steel industry. Its subsidiaries manage six iron ore mines in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . It has equity interests in five of the mines, holds a major iron ore reserve position in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , is a substantial iron ore merchant, and is constructing a joint venture plant in Trinidad to produce high-quality iron briquettes. To obtain faxed copies of Cleveland-Cliffs Inc news releases dial 1-800-778-3888. News releases and other information on the Company are available on the Internet at http://www.businesswire.com/cnn/clf.htm.
CONTACT: Cleveland-Cliffs Inc
Media:
David L. Gardner, 216/694-5407
Financial Community:
Fred B. Rice, 800/214-0739 or 216/694-5459
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