Copper miner Freeport-McMoRan reinstates dividend on stronger outlook
Freeport-McMoRan Inc reinstated its cash dividend on Tuesday, three years after suspending it, reflecting a stronger financial position, improved market conditions and a positive outlook for cash generation. Freeport, the world’s biggest publicly listed copper producer, declared a quarterly dividend of 5 cents a share. If that rate is maintained it would equal the 20 cent annual dividend it suspended in December 2015 to save cash and repay debt at a time of weak copper prices.
Source:: https://finance.yahoo.com/news/copper-miner-freeport-mcmoran-reinstates-224456584.html
