8-KOther EventsExhibits & Filings

FREEPORT-MCMORAN INC 8-K Report, Corporate Update (Dec 9, 2010)

Filed December 9, 2010For Securities:FCX

Summary

Freeport-McMoRan Inc. (FCX) announced on December 9, 2010, two significant corporate actions approved by its Board of Directors. Firstly, the company declared a supplemental stock dividend of $1.00 per share, payable on December 30, 2010, to shareholders of record on December 20, 2010. This dividend provides direct cash return to shareholders. Secondly, and perhaps more notably for long-term investors, FCX announced a two-for-one stock split, to be effected as a stock dividend. This split is scheduled to be payable on February 1, 2011, to shareholders of record on January 15, 2011. A stock split typically aims to make the stock more accessible to a broader range of investors by lowering the per-share price, potentially increasing liquidity and trading volume.

Key Highlights

  • 1Declaration of a $1.00 per share supplemental stock dividend.
  • 2Dividend payment date set for December 30, 2010.
  • 3Record date for the supplemental dividend is December 20, 2010.
  • 4Announcement of a two-for-one stock split.
  • 5Stock split will be executed as a stock dividend.
  • 6Stock split payable date is February 1, 2011.
  • 7Record date for the stock split is January 15, 2011.

Frequently Asked Questions

Shareholders will receive a supplemental cash dividend of $1.00 per share.

For every share of common stock you currently own, you will receive an additional share. This means if you own 100 shares, you will have 200 shares after the split is effective.

The stock split is payable on February 1, 2011. Shareholders of record on January 15, 2011, will receive the additional shares.

A stock split, by itself, does not change the total market value of your investment. The total market capitalization of the company remains the same, but the number of outstanding shares increases, thus lowering the price per share.