FREEPORT-McMoRan COPPER & GOLD INC. DECLARES QUARTERLY CASH DIVIDENDS ON.NEW ORLEANS--(BUSINESS WIRE)--July 3, 1996-- -0- - Common Stock (Class A and Class B Shares) - Depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. Shares Representing 7% Convertible Exchangeable Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. - Depositary Shares Representing Step-Up Convertible Preferred Stock - Depositary Shares Representing Gold-Denominated Preferred Stock - Depositary Shares Representing Gold-Denominated Preferred Stock, Series ll - Depositary Shares Representing Silver-Denominated Preferred Stock -0- Freeport-McMoRan Copper & Gold Inc.(FCX FCX French Connexion (gaming site) FCX Freeport-McMoran Copper & Gold Inc (stock symbol) FCX Fuel Cell Experiment (Honda) FCX Fire Coordination Exercise FCX Fire Control Exercise ) today declared the following cash dividends: A cash dividend was declared for the three months ended June 30, 1996 of $0.225 per share on the FCX Class A (NYSE NYSE See: New York Stock Exchange :FCX.A) and Class B (NYSE:FCX) common stock. The dividend is payable August 1, 1996 to all common shareholders of record at the close of business on July 15, 1996. A cash dividend was declared payable to holders of record at the close of business on July 15, 1996, of FCX's depositary shares (NYSE:FCX Pr), representing the company's 7% Convertible Exchangeable Preferred Stock Convertible exchangeable preferred stock Convertible preferred stock that may be exchanged, at the issuer's option, into convertible bonds that have the same conversion features as the convertible preferred stock. . The dividend is payable August 1, 1996 and equivalent to $0.4375 per depositary share and is for the period from May 2, 1996 through August 1, 1996. A cash dividend was declared payable to holders of FCX's depositary shares (NYSE: FCX Pr A), representing the company's Step-Up Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . The dividend is equivalent to $0.3125 per depositary share and is for the period from May 2, 1996 through August 1, 1996. The dividend is payable August 1, 1996 to depositary shareholders of record at the close of business on July 15, 1996. A cash dividend was declared payable to holders of FCX's depositary shares (NYSE: FCX Pr B), representing the company's Gold-Denominated Preferred Stock. The dividend is equivalent to $0.33587 per depositary share and is for the period from May 2, 1996 through August 1, 1996. The dividend is payable August 1, 1996 to depositary shareholders of record at the close of business on July 15, 1996. A cash dividend was declared payable to holders of FCX's depositary shares (NYSE: FCX Pr C), representing the company's Gold-Denominated Preferred Stock, Series II. The dividend is equivalent to $0.31188 per depositary share and is for the period from May 2, 1996 through August 1, 1996. The dividend is payable August 1, 1996 to depositary shareholders of record at the close of business on July 15, 1996. A cash dividend was also declared payable to holders of FCX's depositary shares (NYSE: FCX Pr D), representing the company's Silver-Denominated Preferred Stock. The dividend is equivalent to $0.21354 per depositary share and is for the period from May 2, 1996 through August 1, 1996. The dividend is payable August 1, 1996 to depositary shareholders of record at the close of business on July 15, 1996. FCX is engaged in the exploration, mining and milling of copper, gold and silver in Irian Jaya Irian Jaya, province, Indonesia: see Papua. , Indonesia and the smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. and refining of copper concentrates in Spain. CONTACT: Freeport-McMoRan Copper & Gold Inc., New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded Craig E. Saporito, 504/582-4476 Chris D. Sammons, 504/582-4474 |
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