Potash Corporation of Saskatchewan Inc. (POT) To Go Ex-Dividend on September 28th

Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) announced a quarterly dividend on Friday, September 8th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.10 per share by the fertilizer maker on Wednesday, November 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 28th.

Potash Corporation of Saskatchewan has decreased its dividend by an average of 6.3% annually over the last three years. Potash Corporation of Saskatchewan has a dividend payout ratio of 65.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Potash Corporation of Saskatchewan to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 62.5%.

Shares of Potash Corporation of Saskatchewan (POT) opened at 19.28 on Friday. The firm has a market cap of $16.20 billion, a P/E ratio of 33.94 and a beta of 0.48. Potash Corporation of Saskatchewan has a one year low of $15.72 and a one year high of $20.27. The firm has a 50 day moving average price of $17.71 and a 200-day moving average price of $17.06.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. Analysts forecast that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current year.

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POT has been the subject of several analyst reports. Scotiabank upgraded shares of Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Monday, July 10th. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 28th. Cowen and Company set a $16.00 price target on shares of Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets restated a “hold” rating and set a $17.00 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.25.

About Potash Corporation of Saskatchewan

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

Dividend History for Potash Corporation of Saskatchewan (NYSE:POT)

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