Variable Payout Option
Sorry about Wells Fargo not being a fan of variable dividends. Guess that makes us equal as I absolutely detest Wells Fargo both personally for what they did to me after banking with then for 48 years, but also there abandoning the small business community in my state.
Anyway, there are highly cyclical industries like E&Ps in both mining and fossil fuels. Profits can go from huge to zero in a blink and the cause is beyond the company control. I like the ability to share in the good times.
I await my payout in early 2022 from FCX.