Fcx Stock Quote How It Has Changed Since The Split

FCX Stock Quote-How It Has Changed Since The Split

By: - Stock Market - September 26, 2011
fcx stock quote how it has changed since the split

As of February 1, 2011, the Freeport McMoran stock split and the FXC stock began trading as “split” on February 2nd, 2011. During a split, a company’s shares will be split in half, or divided into many shares. For instance, on January 31st, 2011, if you had 200 shares of FXC stock, which is the ticker symbol for Freeport McMoran, after the Freeport McMoran stock split happened on February 1st, 2011, you would have 400 shares of stock, because each stock you had was effectively split in two.

When the split happened in February, not only did it affect the FCX stock quote, but it also affected the dividends that were paid out during that quarter.  For instance, as it was noted previous to February 1st, 2011, if there was a dividend called for the first quarter of 2011, the regular rate of $0.50 per share will be paid on shares that were purchased previous to the Freeport McMoran stock split and beginning with the May 1st, 2011 quarter, dividends, if called by the board of directors of Freeport McMoran, will be $0.25 per share.  Only the board of directors can call or declare a dividend. It is not guaranteed.

Looking at the FCX stock quote on the day before the split, it closed at 54.38 on January 31st, 2011. On February 1st, 2011, the closing price of FCX was 57.03 but it fell on February 2nd, 2011 to 56.26. By the end of February the FCX stock quote had fallen to 52.95. Rather this fall is due to regular market volatility or due to the split is argued, but if we compare the general market on those days, January 31st, 2011, the DOW closed at 11891.93 and was up over 68 points. On February 1st, 2011 when FCX rose, the DOW closed at 12,040, up over 1%, which is the same thing that FCX did on that same day. It rose 2.86 points. By the end of February, the DOW finished the month at 12226, up a whopping 95.89 points.

Looking at that data above, you can see how it can be confusing to decide if the stock split helped or hurt FCX. In most cases, and this actually may be one of the typical ones when you look at the data collected since the Freeport McMoran split, a stock split can certainly help a company and its stock price.


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