PotashCorp (POT) Raises Quarterly Dividend 8.6% to $0.38; 4.2% Yield

PotashCorp (NYSE: POT) declared a quarterly dividend of $0.38 per share, or $1.52 annualized. This is an 8.6% increase from the prior dividend of $0.35.

The dividend will be payable on May 4, 2015, to stockholders of record on April 13, 2015, with an ex-dividend date of April 9, 2015.

The annual yield on the dividend is 4.2 percent.

"With our potash expansion program nearing completion, our Board and management team continue to review our future cash flow potential and the best opportunities to provide superior returns to our shareholders," said PotashCorp President and Chief Executive Officer Jochen Tilk. "This increase reflects the confidence we have in our business model and the belief that dividends will continue as an important element of our capital allocation strategy."

For a dividend history and other dividend-related data on PotashCorp (POT) click here.

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