What is the purpose of this announcement?

The company announced a supplemental cash dividend of $0.25 per share to its common stockholders. This is an additional payment beyond any regular dividend schedule.

Who is eligible to receive this dividend?

Shareholders who are on record as owning FCX stock by December 20, 2004, will be eligible to receive the dividend payment.

When will the dividend be paid?

The dividend is scheduled to be paid on December 29, 2004.

Is this a regular dividend payment?

No, this is described as a 'supplemental' common stock dividend, implying it is an extraordinary or one-time payment rather than part of the company's regular dividend policy.

FCX 8-K SEC Disclosure

Summary

Freeport-McMoRan Inc. (FCX) announced a supplemental common stock dividend of $0.25 per share, payable on December 29, 2004, to shareholders of record as of December 20, 2004. This action by the Board of Directors indicates a positive return of capital to shareholders, likely reflecting the company's financial performance and confidence in its ongoing operations. Investors should note that this is a supplemental dividend, meaning it is in addition to any regular dividends the company may pay. The timing of this announcement, just before year-end, may also be a factor for tax considerations for some investors. The specific details of the dividend payment are clearly outlined, allowing shareholders to plan accordingly.

Key Highlights

1Authorization of a supplemental common stock dividend of $0.25 per share.
2Dividend payment date is December 29, 2004.
3Record date for the dividend is December 20, 2004.
4The dividend is authorized by the Board of Directors.
5This is a supplemental, one-time payment in addition to regular dividends.
6Press release dated December 8, 2004, formally announced the dividend.

FREEPORT-MCMORAN INC 8-K Report, Corporate Update (Dec 8, 2004)

Summary

Key Highlights

Frequently Asked Questions