Potash Splits Stock, More Than Doubles Dividend

Potash Corporation of Saskatchewan Inc. (POT) announced a three-for-one stock split and a huge boost to its dividend this evening.

Shareholders will receive two additional shares for each share owned on the record date of February 16.

The fertilizer giant also declared a post-split dividend of $0.07 per share ($0.21 on a pre-split basis), a 110% improvement over the $0.10 per share it’s been paying on a quarterly basis dating back to 2007.

Shares of POT popped to 173.71 (+3.02%) in extended trading, adding to their 3.49% gain from today’s regular session, where they now feature a 0.48% dividend yield.

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