Why Miners Are Favoring a Flexible Dividend Policy
As commodity prices have been strong over the last few quarters, several metals and mining companies have taken a generous view of their dividend policies. Notably, mining companies’ dividends had fallen prey to lower commodity prices in 2015. While Freeport-McMoRan (FCX) has reinstated its dividend by announcing a $0.05 quarterly dividend per share, some of the other mining companies have opted for a flexible dividend policy.