McMoRan Exploration Co. (NYSE: MMR) today declares the following quarterly cash dividends payable on August 15, 2010 to holders of record on August 1, 2010:

  • $1.6875 per share of MMR’s 6 3/4% Mandatory Convertible Preferred Stock (NYSE: MMRprM).
  • $20.00 per share of MMR’s 8% Convertible Perpetual Preferred Stock.

McMoRan Exploration Co. is an independent public company engaged in the exploration, development and production of oil and natural gas in the shallow waters of the Gulf of Mexico Shelf and onshore in the Gulf Coast area. Additional information about McMoRan is available on its internet website “www.mcmoran.com”.

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