As a composition of matter, a supported catalyst obtained by compositing a pre-selected quantity of inorganic refractory oxide support material with one or more precursor salts and heating said composite at elevated temperature of at least about 150.degree. C., in the presence of sulfur and under oxygen-free conditions for a time sufficient to form said catalyst, wherein said precursor salt is of the formula (ML)(Mo.sub.y W.sub.1-y S.sub.4) wherein M is divalent iron, wherein y is any value ranging from 0 to 1, and wherein L is one or more neutral, nitrogen-containing ligands, at least one of which is a chelating polydentate ligand.