Freeport-McMoRan declares quarterly cash dividends
Saturday, July 6 2002 - 05:09 AM WIB
The company said in a statement cash dividend payable on August 1, 2002 to holders of record as of July 15, 2002 are US$0.43750 per share for FCX's Step-Up Convertible Preferred Stock; $0.28195 per share for FCX's Gold-Denominated Preferred Stock; $0.26181 per share for FCX's Gold-Denominated Preferred Stock, Series II; and $0.12642 per share for FCX's Silver-Denominated Preferred Stock.
FCX will also distribute on August 1, 2002 proceeds from the fourth mandatory partial redemption of FCX's Silver-Denominated Preferred Stock to holders of record as of July 15, 2002 of FCX's depository shares, representing its Silver-Denominated Preferred Stock. The distribution payment will be $2.45181 per depositary share.
FCX explores for, develops, mines and processes ore containing copper, gold and silver in Indonesia. Also, it smelts and refines copper concentrates in Indonesia and Spain.
FCX?s unit PT Freeport Indonesia operates a huge copper and coal mine in Papua Province. (leo)