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PHELPS DODGE CORPORATION DECLARES SECOND QUARTER DIVIDEND

 PHOENIX, Arizona, May 5, 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 second quarter of 1993, payable June 8, 1993, to common shareholders of record at the close of business on May 19, 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 24 other countries.
 -0- 5/5/93
 /CONTACT: Thomas M. Foster of Phelps Dodge, 602-234-8139/
 (PD)


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

EH -- SD003 -- 4917 05/05/93 13:49 EDT
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Publication:PR Newswire
Date:May 5, 1993
Words:162
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