Freeport- McMoRan Copper & Gold Inc Stock Split
Freeport- McMoRan Copper & Gold Inc announced that its Board of Directors has declared a two-for-one split of its common stock, the split will be effected in the form of a stock dividend payable on February 1, 2011 to shareholders of record on January 15, 2011. Shareholders will receive one additional share of common stock for each share of common stock held on the record date and the additional shares will be issued to shareholders on February 1, 2011. As a result of the stock split, the number of outstanding shares of common stock will increase to approximately 942 million from approximately 471 million.
Those who hold this stock have had their portfolios updated to reflect this, for further information click on the link below: