Summary
Freeport-McMoRan Copper & Gold Inc. (FCX) announced on May 2, 2006, that its Board of Directors has authorized a supplemental common stock dividend of $0.75 per share. This dividend is scheduled to be paid on June 30, 2006, to shareholders who are on record as of June 15, 2006. This action indicates a positive cash flow situation and a commitment by the company to return value directly to its shareholders. Investors should note the record and payment dates to ensure they are eligible to receive this distribution. The declaration of a supplemental dividend suggests strong performance or confidence in future earnings by the company's management.
Key Highlights
- 1Board of Directors authorized a supplemental common stock dividend of $0.75 per share.
- 2The dividend payment date is set for June 30, 2006.
- 3Shareholders of record as of June 15, 2006, will be eligible to receive the dividend.
- 4This filing is an 8-K Current Report, indicating a material event.
- 5The press release announcing this dividend was issued on May 2, 2006.