PD allots $1.5B for shareholders

Oct 21, 2005 | 07:19 AM |

Copper producer Phelps Dodge Corp., Phoenix, plans to return $1.5 billion to shareholders by the end of 2006 in the form of share repurchases and special dividends.

The first move, valued at $500 million, will come in the form of a special dividend of $5 a share payable Dec. 2 to shareholders of record Nov. 16.....

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