Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) declared a quarterly dividend on Friday, September 8th, Wall Street Journal reports. Investors of record on Friday, September 29th will be given 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 yield of 2.25%. The ex-dividend date is Thursday, September 28th.

Potash Corporation of Saskatchewan has decreased its dividend payment 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. Research analysts expect Potash Corporation of Saskatchewan to earn $0.68 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 58.8%.

Potash Corporation of Saskatchewan (NYSE:POT) traded down 0.11% on Friday, reaching $17.75. The company had a trading volume of 3,037,345 shares. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 31.25 and a beta of 0.48. Potash Corporation of Saskatchewan has a one year low of $15.72 and a one year high of $20.26. The company has a 50-day moving average of $17.57 and a 200 day moving average of $17.03.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $982.05 million. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Potash Corporation of Saskatchewan will post $0.63 EPS for the current year.

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A number of equities analysts have recently issued reports on POT shares. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Potash Corporation of Saskatchewan in a report on Tuesday, June 20th. Vertical Research raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Potash Corporation of Saskatchewan in a report on Monday, July 10th. Cowen and Company reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Friday, September 1st. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Sunday, August 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.18.

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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