PHOENIX, March 22, 2023--Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2023, to shareholders of record as of April 14, 2023. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial
Supply/demand imbalances and geopolitical tensions have disrupted commodity markets. Copper producer Freeport-McMoRan (NYSE: FCX), oil and gas exploration and production (E&P) company ConocoPhillips (NYSE: COP), and industrial commodity producer and marketer Glencore (OTC: GLCNF) have all been heavily impacted by ebbs and flows in the commodity market. A commodity supercycle could occur if buyers increasingly value factors like supplier security and reliability instead of just price alone.
This year’s UN’s Conference of Parties conference (“COP27”) has a goal of seeking ...