Cleveland-Cliffs Declares Regular Quarterly Dividend on Common Shares

Cleveland-Cliffs Inc. (NYSE: CLF) today announced that its Board of Directors declared a regular quarterly cash dividend on the Company's common shares of $0.06 per share. The regular cash dividend will be payable on January 15, 2020, to shareholders of record as of the close of business on January 3, 2020.

About Cleveland-Cliffs Inc.

Founded in 1847, Cleveland-Cliffs Inc. is the largest and oldest independent iron ore mining company in the United States. The company is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. By 2020, Cliffs expects to be the sole producer of hot briquetted iron (HBI) in the Great Lakes region with the development of its first production plant in Toledo, Ohio. Driven by the core values of safety, social, environmental and capital stewardship, Cliffs’ employees endeavor to provide all stakeholders with operating and financial transparency.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191202005216/en/

MEDIA CONTACT:  Patricia Persico  Director, Corporate Communications  [phone]

INVESTOR CONTACT:  Paul Finan  Director, Investor Relations  [phone]