Freeport-McMoRan Inc. (NYSE:FCX) Announces Quarterly Dividend of $0.07

Posted by Stanley Muller on Jun 24th, 2026

Freeport-McMoRan Inc. (NYSE:FCX – Get Free Report) declared a quarterly dividend on Wednesday, June 24th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.075 per share by the natural resource company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Freeport-McMoRan has increased its dividend by an average of 0.6%per year over the last three years. Freeport-McMoRan has a payout ratio of 13.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Freeport-McMoRan to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 8.6%.

Freeport-McMoRan Trading Down 4.0%

Shares of FCX traded down $2.60 during midday trading on Wednesday, hitting $61.80. The stock had a trading volume of 18,522,155 shares, compared to its average volume of 17,944,600. The stock’s 50 day moving average is $64.97 and its 200 day moving average is $60.46. The firm has a market cap of $88.85 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 0.84 and a beta of 1.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.39 and a quick ratio of 1.13. Freeport-McMoRan has a 1 year low of $35.15 and a 1 year high of $72.28.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. As a group, analysts forecast that Freeport-McMoRan will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FCX has been the subject of several analyst reports. UBS Group raised their price objective on shares of Freeport-McMoRan from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. HSBC increased their price target on Freeport-McMoRan from $72.00 to $75.00 in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a report on Friday, May 15th. The Goldman Sachs Group increased their target price on Freeport-McMoRan from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, Sanford C. Bernstein lifted their target price on Freeport-McMoRan from $53.50 to $58.50 and gave the stock a “market perform” rating in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Freeport-McMoRan currently has an average rating of “Moderate Buy” and a consensus target price of $68.27.

Check Out Our Latest Stock Report on FCX

Freeport-McMoRan Company Profile

(Get Free Report)

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.