Phelps Dodge declares dividend

Phoenix, Arizona — Phelps Dodge Corp. has declared a dividend of $1.6875 per share on the mandatory convertible preferred shares of the corporation. The dividend is payable on Aug. 15, 2005, to mandatory convertible preferred shareholders of record at the close of business on July 1, 2005.

Phelps Dodge is the parent of Columbian Chemicals, a leading supplier of carbon black.


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