What is Freeport-McMoRan’s dividend policy?
Freeport-McMoRan has a history of returning cash to shareholders through dividends and share purchases, and we are committed to maintaining a strong financial position. Because of the sharp decline in commodity prices and uncertain economic conditions, FCX’s Board has suspended its annual common stock dividend of $2.00 per share. The Board will continue to review FCX’s financial policy on an ongoing basis. A history of past dividends payments can be found on the Investor Relations Dividend Information page.
Freeport-McMoRan has a history of returning cash to shareholders through dividends and share purchases, and we are committed to maintaining a strong financial position. The current annual cash dividend is $2.00 per share, payable quarterly at a rate of $0.50 per share. After taking the February 1, 2011 stock split into account, the regular cash dividend is expected to be $1.00 per share per annum, payable quarterly at a rate of $0.25 per share. The declaration and payment of dividends is at the discretion of the Board and will depend on the company’s financial results, cash requirements, future prospects, and other factors deemed relevant by the Board. A history of dividend payments can be found on the Investor Relations Dividend Information page.
