Bloomberg reports that Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) plans to pay a one-time 50-cent-a-share dividend as the company has raised its 2011 sales forecast.
The market news is quoted as saying:
Copper for delivery in three months on the London Metal Exchange averaged $9,629 a metric ton in the first quarter, 32 percent more than a year earlier. It was 2.3 percent higher at $9,555 a ton as of 4:38 p.m. in London. Copper traded at a record $10,190 on Feb. 15.
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