Freeport-McMoRan Declares Quarterly Dividend
- By Alberto Abaterusso
Freeport-McMoRan Inc. (FCX) announced the details of the payment of its quarterly dividend on Sept. 26.
On Nov. 1, the copper mining company will pay five cents per ordinary share to its shareholders. In order to benefit, investors must be on the company's record no later than Oct. 15. The ex-dividend date is scheduled for Oct. 12. If held constant, the quarterly distribution will lead to a forward annual dividend of 20 cents.
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NYSE:NEM) - the largest producer of gold and a member of the S&P 500 index - has a forward dividend yield of 1.87%, the yield of Freeport-McMoRan is still good. Newmont Mining is selling gold for $40 per gram, while Freeport-McMoRan is mainly selling copper, which is selling for less than one cent per gram.