Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock

Rhea-AI Summary

Freeport-McMoRan (NYSE: FCX) declared a cash dividend of $0.15 per share on its common stock, payable on August 1, 2022, to shareholders of record by July 15, 2022. This decision aligns with FCX's performance-based payout framework, initiated in November 2021. With operations in the Grasberg district in Indonesia and significant mining sites in North and South America, FCX stands as one of the largest publicly traded copper producers. The company emphasizes its commitment to responsible copper production as a global contributor.

Positive

• Declared a dividend of $0.15 per share.
• Dividend payment reflects a performance-based payout strategy.

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• None.

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 August 1, 2022, to shareholders of record as of July 15, 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/20220621006117/en/

Financial Contact:

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 Freeport-McMoRan (FCX)?

Freeport-McMoRan declared a dividend of $0.15 per share.

When will the FCX dividend be paid?

The FCX dividend will be paid on August 1, 2022.

What is the record date for the FCX dividend?

The record date for the FCX dividend is July 15, 2022.

Does Freeport-McMoRan have a performance-based dividend strategy?

Yes, Freeport-McMoRan's dividends are based on a performance-based payout framework.