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 on common stock, payable on November 1, 2022, to shareholders of record as of October 14, 2022. This dividend aligns with FCX’s performance-based payout framework, which consists of a base and variable dividend of $0.075 each. As a leading international mining company, FCX operates significant copper, gold, and molybdenum assets worldwide, notably in the Grasberg minerals district in Indonesia and large-scale operations in North and South America.

Positive

• Declared a cash dividend of $0.15 per share, enhancing shareholder returns.
• Dividend is consistent with the company's performance-based payout framework, indicating financial stability.

Negative

• 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 November 1, 2022, to shareholders of record as of October 14, 2022. These dividends are being paid consistent with FCX’s performance-based payout framework, which includes a base dividend of $0.075 per share and variable dividend of $0.075 per share, 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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220920006237/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 cash dividend of $0.15 per share.

When will the dividend be paid to shareholders of FCX?

The dividend will be paid on November 1, 2022.

What is the record date for the FCX dividend?

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

How does Freeport-McMoRan determine its dividends?

FCX's dividends are determined based on a performance-based payout framework.