Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock

Rhea-AI Summary

Freeport-McMoRan Inc. (NYSE: FCX) declared cash dividends of $0.15 per share, consisting of a base dividend of $0.075 per share and a variable dividend of $0.075 per share. The dividends are payable on May 1, 2024, to shareholders of record as of April 15, 2024. FCX aims to be a leading international metals company, primarily focused on copper production, with significant assets globally.

PHOENIX--(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2024, to shareholders of record as of April 15, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.

FREEPORT: Foremost in Copper

FCX is a leading international metals company with the objective of being foremost in copper. Headquartered in Phoenix, Arizona, FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world’s largest publicly traded copper producers.

FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.

By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about FCX is available on FCX's website at fcx.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240326804098/en/

Financial Contact:

David P. Joint

(504) 582-4203

Media Contact:

Linda S. Hayes

(602) 366-7824

Source: Freeport-McMoRan Inc.

What is the dividend amount declared by Freeport-McMoRan Inc. (FCX)?

Freeport-McMoRan Inc. (FCX) declared cash dividends of $0.15 per share, consisting of a base dividend of $0.075 per share and a variable dividend of $0.075 per share.

When are the dividends payable to shareholders of Freeport-McMoRan Inc. (FCX)?

The dividends declared by Freeport-McMoRan Inc. (FCX) are payable on May 1, 2024, to shareholders of record as of April 15, 2024.

Where is Freeport-McMoRan Inc. (FCX) headquartered?

Freeport-McMoRan Inc. (FCX) is headquartered in Phoenix, Arizona.

What are some of the major assets of Freeport-McMoRan Inc. (FCX)?

Freeport-McMoRan Inc. (FCX) operates large, long-lived assets with significant reserves of copper, gold, and molybdenum. Some of its major assets include the Grasberg minerals district in Indonesia, the Morenci minerals district in Arizona, and the Cerro Verde operation in Peru.

What is the primary focus of Freeport-McMoRan Inc. (FCX)?

Freeport-McMoRan Inc. (FCX) aims to be a leading international metals company primarily focused on copper production.