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Freeport-McMoRan announces dividends
Freeport-McMoRan announces dividends payable May 1 to holders as of April 15

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Companies:Freeport-McMoRan Copper & Gold Inc.
On Monday March 29, 2010, 6:07 pm EDT
PHOENIX, Ariz. (AP) -- Freeport-McMoRan Copper & Gold Inc. has announced dividends on common and preferred stock payable May 1 to stockholders of record as of April 15.

The company said Thursday it would pay a dividend of 15 cents per share for common stock, and $1.6875 per share for 6 percent mandatory convertible preferred stock.

The preferred stock will automatically convert May 1 to between 39 million and 47 million shares of common stock depending on the average closing price of the common stock from March 31 through April 28.

The Phoenix-based company operates copper and gold mines in North and South America. The shares rose $3.71, or 4.7 percent, to $82.88 on Monday.