Why it’s on the map
about 40% of US-mined copper. Only US name with a windfall if refined cathode is added to Section 232 (Commerce decision overdue).
Government money & contracts
Project Vault ($10B EXIM critical-minerals reserve) is a potential buyer.
Customers & commercial
Global; Grasberg restart year-end.
Catalysts
Overdue Commerce refined-copper decision; Q3.
Risk
Rally driven by $14k LME copper, not tariffs; cathode still duty-free.
Tariff durability
232 copper currently semi-finished only.
Dividend · #35 of 47 payers by yield
0.96% yield
$0.60 a share a year · quarterly · pays Feb · May · Aug · Nov
Per payment$0.15a share, 4× a year
Next payoutNov 2declared · $0.15 a share
Last ex-dateOct 15, 2026own it before the ex-date to collect
Last paidAug 3, 2026$0.15 a share
Payout ratio30%of earnings · well covered
Raised—streak not on record
Shares at the Oct 30 close of $62.4716.01
Each payment$2.40
Per year · 4 payments$9.60
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Oct 15, 2026 | Nov 2, 2026 | $0.15 | declared, upcoming |
| Jul 15, 2026 | Aug 3, 2026 | $0.15 | |
| Apr 15, 2026 | May 1, 2026 | $0.15 | |
| Jan 15, 2026 | Feb 2, 2026 | $0.15 | |
| Oct 15, 2025 | Nov 3, 2025 | $0.15 |
Yield = $0.15 × 4 ÷ the Oct 30 close of $62.47. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source