McMoRan Exploration Co. Declares Quarterly Cash Dividends on Preferred Stocks
July 15 2009 - 2:59PM
Business Wire
McMoRan Exploration Co. today declares, for the period from May
15, 2009 to August 15, 2009, a cash dividend of $1.6875 per share
payable on August 15, 2009 to holders of record as of August 1,
2009 for its 6.75% mandatory convertible preferred stock (NYSE:
MMRPrM).
McMoRan today also declares, for the period from June 22, 2009
to August 15, 2009, a cash dividend of $11.78 per share of
McMoRan�s 8% convertible perpetual preferred shares payable on
August 15, 2009 to holders of record as of August 1, 2009. Each
subsequent quarterly dividend is expected to be $20.00 per
share.
McMoRan Exploration Co. is an independent public company engaged
in the exploration, development and production of oil and natural
gas offshore in the Gulf of Mexico and onshore in the Gulf Coast
area. Additional information about McMoRan is available on its
internet website �www.mcmoran.com�.
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