Nutrien Ltd has announced that its board of directors has approved an increase in the expected quarterly dividend from US$0.43/share to US$0.45/share commencing with the quarterly dividend having a record date at the end of the third quarter 2019 and until otherwise determined by the board of directors.
“We are committed to returning significant capital to shareholders, including providing investors with a stable and growing dividend. The increase announced today demonstrates the strength of our integrated business model and confidence in our ability to generate strong and growing cash flow,” said Chuck Magro, president and CEO of Nutrien.
The declaration, amount and payment date of any future dividends by Nutrien is at the discretion of the board of directors and will depend on numerous factors, including compliance with applicable laws and the financial performance, debt obligations, working capital requirements and future capital requirements of Nutrien and its subsidiaries, and the increased dividend amount will not impact Nutrien’s previously announced US$0.43/share dividend declared on 10 May 2019 payable 18 July 2019 to shareholders of record on 28 June 2019.
Read the article online at: https://www.worldfertilizer.com/potash/30052019/nutrien-announces-dividend-increase/