How will the stock split affect the regular quarterly cash dividend payable on February 1, 2011?
The February 1, 2011 regular quarterly cash dividend of $0.50 per share will be paid on pre-split shares. As noted above, the FCX stock will begin trading on the New York Stock Exchange on an adjusted basis on February 2, 2011. After taking the stock split into account, the regular cash dividend, if declared by the FCX Board of Directors, is expected to be $1 per share per annum, payable quarterly at a rate of $0.25 per share, beginning with the May 1, 2011 quarterly dividend. The declaration and payment of dividends is at the discretion of the Board of Directors and will depend on FCX’s financial results, cash requirements, future prospects and other factors deemed relevant by the Board of Directors.
