Freeport-McMoRan Declares New Dividend
Freeport-McMoRan Copper & Gold plans to dispense a fresh quarterly dividend. The company will distribute $0.3125 per share of its common stock on May 1 to shareholders of record as of April 15. That amount matches its past four quarterly payouts. Previous to that, it paid $0.25 per share.
The company tends to pay dividends on a regular basis, although it suspended its disbursement for all of 2009. It has also declared the occasional special dividend, most recently in early 2011 when it handed out $0.50 per share.
The current regular dividend annualizes to $1.25 per share. That yields 3.7% at Freeport-McMoRan's current stock price of $33.36.
The article Freeport-McMoRan Declares New Dividend originally appeared on Fool.com.
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