Freeport-McMoRan Declares $0.15 Dividend After Strong Q1 2026 Results

Freeport-McMoRan Inc (NYSE:FCX) is one of Peconic Partners' top stock picks. This mining stock has gained more than 42% over the past year, and analysts expect it to keep rising. Peconic Partners increased its position in Freeport stock by 66% during Q1 2026, and the stock now makes up 3.37% of the fund's portfolio.

On June 24, Freeport-McMoRan Inc (NYSE:FCX) announced that its board declared a cash dividend of $0.15 per share. The dividend is payable on August 3 to shareholders on record as of July 15. The board considers factors like the company's financial results, cash requirements, and global economic conditions to determine if payment of dividends is relevant.

Speaking of financial results, Freeport's dividend declaration follows solid Q1 2026 results. Revenue rose to $6.23 billion from $5.73 billion a year ago. EPS jumped to $0.61 from $0.24. The company closed the quarter with $3.7 billion in cash.

During the quarter, Freeport sold 657 million pounds of copper, 121,000 ounces of gold, and 24 million pounds of molybdenum. The company aims to sell around 3.1 billion pounds of copper, 650,000 ounces of gold, and 90 million pounds of molybdenum in the full-year 2026.

Arizona-based Freeport-McMoRan Inc (NYSE:FCX) is a major mining company with operations in the US and Indonesia. It produces copper, gold, and molybdenum. Freeport's Grasberg property in Indonesia is the world's single largest gold deposit.

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