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Article: Freeport-McMoRan Copper & Gold Inc. Reinstates Annual Cash Dividend on Common Stock of $0.60 per Share.
- Article from:
- Biotech Week
- Article date:
- November 4, 2009
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Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced that its Board of Directors has reinstated an annual cash dividend on its common stock of $0.60 per share. The Board would declare a quarterly dividend of $0.15 per share, with the initial dividend expected to be paid on February 1, 2010. James R. Moffett, Chairman of the Board and Richard C. Adkerson, FCX's President and Chief Executive Officer, said: "Our Board's action to reinstate the common stock dividend reflects improved global market conditions and our strong operating performance. The aggressive steps we have taken in the last twelve months to adjust our operating and capital plans in response to changing ...