Did farmers like the National Bank?
Yes, Freeport-McMoRan Inc. (FCX) has a history of stock splits, but it has not had a split in recent years. The company conducted a 2-for-1 stock split on May 15, 2008, following a period of significant growth and market valuation expansion. Since that time, the company has focused on debt reduction, operational optimization at its various mining sites globally—particularly in Indonesia and the United States—and managing the cyclical nature of commodity prices. For long-term investors, any historical charts showing price adjustments have already accounted for this 2008 event, and the company has not deemed it necessary to perform further splits in the current market environment, opting instead to focus on share repurchases and dividends.
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