Stock Name: POT
Amount: CAD 0.14
Announcement Date: 25/01/2012
Record Date: 10/04/2012
Dividend Detail:
Listed: TSX, NYSE
Symbol: POT
SASKATOON, Jan. 25, 2012 /CNW/ - Potash Corporation of Saskatchewan Inc.
(PotashCorp) announced today that its Board of Directors has approved
an increase of the company's quarterly cash dividend (from $0.07 per
share to $0.14 per share), and declared a quarterly cash dividend of US
$0.14 per common share payable May 3, 2012 to shareholders of record on
April 12, 2012.
"In addition to using our strong cash flow to grow our world-class
fertilizer business, we have a proven track record of returning capital
to our shareholders," said PotashCorp President and Chief Executive
Officer Bill Doyle. "This announcement to double the dividend - the
second time in the past year - reflects the confidence we have in the
drivers of our business and our commitment to creating superior
long-term shareholder value."
Potash Corporation of Saskatchewan Inc. is the world's largest
fertilizer enterprise by capacity producing the three primary plant
nutrients and a leading supplier to three distinct market categories:
agriculture, with the largest capacity in the world in potash, third
largest in each of nitrogen and phosphate; animal nutrition, with the
world's largest capacity in phosphate feed ingredients; and industrial
chemicals, as the largest global producer of industrial nitrogen
products and the world's largest capacity for production of purified
industrial phosphoric acid. PotashCorp's common shares are listed on
the Toronto Stock Exchange and the New York Stock Exchange.
This release contains forward-looking statements or forward-looking
information (forward-looking statements). These statements can be
identified by expressions of belief, expectation or intention, as well
as those statements that are not historical fact. These statements are
based on certain factors and assumptions including with respect to
foreign exchange rates, expected growth, results of operations,
performance, business prospects and opportunities and effective tax
rates. While the company considers these factors and assumptions to be
reasonable based on information currently available, they may prove to
be incorrect. Several factors could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to: variations from our assumptions with
respect to foreign exchange rates, expected growth, results of
operations, performance, business prospects and opportunities, and
effective tax rates; fluctuations in supply and demand in the
fertilizer, sulfur, transportation and petrochemical markets; costs and
availability of transportation and distribution for our raw materials
and products, including railcars and ocean freight; changes in
competitive pressures, including pricing pressures; adverse or
uncertain economic conditions and changes in credit and financial
markets; the results of sales contract negotiations with major markets;
the European sovereign debt crisis and the recent downgrade of US
sovereign debt and political concerns over related budgetary matters;
timing and amount of capital expenditures; risks associated with
natural gas and other hedging activities; changes in capital markets
and corresponding effects on the company's investments; unexpected or
adverse weather conditions; changes in currency and exchange rates;
unexpected geological or environmental conditions, including water
inflow; imprecision in reserve estimates; adverse developments in new
and pending legal proceedings or government investigations;
acquisitions we may undertake; strikes or other forms of work stoppage
or slowdowns; changes in and the effects of, government policies and
regulations; and earnings, exchange rates and the decisions of taxing
authorities, all of which could affect our effective tax rates.
Additional risks and uncertainties can be found in our Form 10-K for
the fiscal year ended December 31, 2010 under captions "Forward-Looking
Statements" and "Item 1A - Risk Factors" and in our other filings with
the US Securities and Exchange Commission and the Canadian provincial
securities commissions. Forward-looking statements are given only as at
the date of this release and the company disclaims any obligation to
update or revise the forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.
For further information:
| Investors Denita Stann Vice President, Investor and Public Relations Phone: (306) 933-8521 Fax: (306) 933-8844 Email:ir@potashcorp.com | | | | | | Media Bill Johnson Senior Director, Public Affairs Phone: (306) 933-8849 Fax: (306) 933-8844 Email:pr@potashcorp.com |
Web Site:www.potashcorp.com
No comments:
Post a Comment