Listed: TSX, NYSE
Symbol: POT
SASKATOON, SK, May 15, 2013 /PRNewswire/ - Potash Corporation of SaskatchewanInc. (PotashCorp) announced today that its Board of Directors has approved an increase of the company's quarterly cash dividend (from $0.28 per share to $0.35 per share), and declared a quarterly cash dividend of US $0.35 per common share payable August 2, 2013 to shareholders of record on July 12, 2013.
"The confidence we have in our ability to generate strong cash flow in the years ahead has enabled us to strengthen our dividend for the fifth time since 2011," said PotashCorp President and Chief Executive Officer Bill Doyle. "With a cumulative dividend increase of 950 percent in just over two years, the Board and management team remain committed to enhancing returns for our long-term shareholders."
_______________________________________
PotashCorp is the world's largest crop nutrient company and plays an integral role in global food production. The company produces the three essential nutrients required to help farmers grow healthier, more abundant crops. With global population rising and diets improving in developing countries, these nutrients offer a responsible and practical solution to meeting the long-term demand for food. PotashCorp is the largest producer, by capacity, of potash and third largest producer of nitrogen and phosphate. While agriculture is its primary market, the company also produces products for animal nutrition and industrial uses. Common shares of Potash Corporation of Saskatchewan Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange.
Web Site: www.potashcorp.com
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 or events to
differ materially from those expressed in the forward-looking
statements, including, but not limited to the following: 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 within major
markets; economic and political uncertainty around the world; timing
and impact of capital expenditures; risks associated with natural gas
and other hedging activities; changes in capital markets; unexpected or
adverse weather conditions; changes in currency and exchange rates;
unexpected geological or environmental conditions, including water
inflows; 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; rates of return on and the risks associated with our
investments; changes in, and the effects of, government policies and
regulations; security risks related to our information technology
systems; 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, 2012 under the 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.
SOURCE Potash Corporation of Saskatchewan Inc.
