Freeport-McMoRan Copper Stock To Go Ex-dividend Tomorrow (FCX)

NEW YORK ( TheStreet) -- The ex-dividend date for Freeport-McMoRan Copper & Gold (NYSE: FCX) is tomorrow, April 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $37.33 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for Freeport-McMoRan Copper has been 16.8 million shares per day over the past 30 days. Freeport-McMoRan Copper has a market cap of $41.68 billion and is part of the basic materials sector and metals & mining industry. Shares are up 2% year to date as of the close of trading on Monday.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, such as rhenium and magnetite. The company has a P/E ratio of 7.9, below the average metals & mining industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Freeport-McMoRan Copper as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Freeport-McMoRan Copper Ratings Report.

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