-=Nutrien (NTR) declares quarterly dividend of $0.40 per share

Forward Dividend & Yield 1.60 (3.38%)
Ex-Dividend Date 2018-03-28


Nutrien declares quarterly dividend of $0.40 per share  

• Co announced that its Board of Directors has declared a quarterly dividend of US$0.40 per common share payable on April 20, 2018 to shareholders of record on March 29, 2018. The dividend represents a 27 percent increase from its legacy companies combined payout level. Nutrien will target a stable and growing dividend that represents 40 to 60 percent of free cash flow after sustaining capital through the cycle.
• Nutrien's Board of Directors also approved the purchase of up to five percent of Nutrien's outstanding common shares over a one-year period through a normal course issuer bid

Potash/Agrium (AGU) to become Nutrien (NTR) upon completion of merger

Potash Corporation (POT) and Agrium Inc. (AGU) announced that once the anticipated merger transaction closes, the new company will be named Nutrien. The new organization will be the global leader in reliable, low-cost crop nutrient production, combined with the largest agricultural retail-distribution network in the world.

• The firm will be world's largest potash miner and No.2 nitrogen fertilizer producer.
• The regulatory review and approval process for the merger transaction continues and the parties expect closure of the transaction to take place in the third quarter of 2017.