Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock

Rhea-AI Summary

Freeport-McMoRan Inc. (NYSE: FCX) has declared a cash dividend of $0.15 per share on its common stock, set for payment on May 2, 2022. Shareholders of record as of April 14, 2022 will receive this dividend as part of FCX’s performance-based payout strategy, which includes both a base and variable dividend established in November 2021.

FCX is a key player in copper production, operating worldwide, including major assets in Indonesia, North America, and South America.

Positive

• FCX declared a cash dividend of $0.15 per share, benefiting shareholders.
• Dividends align with FCX's performance-based payout framework established in November 2021.

Negative

• None.

PHOENIX, Ariz.--(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 2, 2022, to shareholders of record as of April 14, 2022. These dividends are being paid consistent with FCX’s performance-based payout framework, which includes a base and variable dividend, announced in November 2021.

FREEPORT: Foremost in Copper

FCX is a leading international mining company with headquarters 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 mining 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/20220322006124/en/

Financial Contacts:

Kathleen L. Quirk

(602) 366-8016

David P. Joint

(504) 582-4203

Media Contact:

Linda S. Hayes

(602) 366-7824

Source: Freeport-McMoRan Inc.

FAQ

What is the dividend amount declared by FCX?

FCX declared a cash dividend of $0.15 per share.

When is the FCX dividend payment date?

The dividend payment date is set for May 2, 2022.

What date is the record for the FCX dividend?

The record date for the dividend is April 14, 2022.

How often does FCX pay dividends?

FCX pays dividends based on a performance-based payout framework that includes a base and variable component.