As per Freeport-McMoran, Inc. (NYSE:FCX)’s news release on 2015-09-30, its shareholders will get cash dividend of $0.05 per share. The recent press release updated on the record date and payout date, which stands at 2015-10-15 and 2015-11-02, respectively.
The stock of Freeport-McMoran, Inc. (NYSE:FCX) will commence trading ex-dividend from 2015-10-13, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Freeport-McMoran, Inc. (NYSE:FCX) disbursed $0.211 in dividend compared to distribution of $1.25, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -54.16%.
The past track record of five years substantiates that the average payout of Freeport-McMoran, Inc. (NYSE:FCX) stands at $1.352, implying -9.6171% growth. The company recorded earnings of $0.14 a share in the preceding fiscal.
The interim price target for Freeport-McMoran, Inc. (NYSE:FCX) is set at $10.625. This level is the mean price reached by averaging the stock views of 12 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $15 and the lowest level is established at 6. This broad range highlights a standard deviation of $2.68 in reported estimates.
AlphaOne has allotted A sentiment score of 0 to Freeport-McMoran, Inc. (NYSE:FCX) while impact score assigned is 88 as on as on 2016-07-11.
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