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PHELPS DODGE CORPORATION DECLARES FIRST QUARTER DIVIDEND

 PHOENIX, Arizona, Feb. 3, 1993 /PRNewswire/ -- The Board of Directors of Phelps Dodge Corporation (NYSE: PD) today declared a dividend of 41.25 cents per share on the corporation's common shares for the first quarter of 1993, payable March 8, 1993, to common shareholders of record at the close of business on Feb. 18, 1993.
 Phelps Dodge Corporation is the world's second largest producer of copper. The company is also one of the world's largest producers of carbon black; the leading North American fabricator of wheels and rims for medium and heavy trucks; a major manufacturer of magnet wire and specialty conductors; and has operations and investments abroad in mines and wire and cable manufacturing facilities. The company's operations are located throughout the United States and in 23 other countries.
 -0- 2/3/93
 /CONTACT: Thomas M. Foster of Phelps Dodge Corporation, 602-234-8139/
 (PD)


CO: Phelps Dodge Corporation ST: Arizona IN: MNG SU: DIV

EH -- SD002 -- 2433 02/03/93 13:08 EST
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Publication:PR Newswire
Date:Feb 3, 1993
Words:163
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