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.

Fool contributor Eric Volkman has no position in Freeport-McMoRan Copper & Gold. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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