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PotashCorp cuts dividend to shareholders by 60%

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PotashCorp shares fell Thursday on both the Toronto market and the New York Stock Exchange.

By CKOM News

Potash Corporation of Saskatchewan announced Thursday lower quarterly earnings and a cut to its shareholder dividends for the second time this year.

The Saskatoon based fertilizer producer says its payout to shareholders will be cut to 10 cents U-S per quarter -- down from the 25 cents per share they were paid in May and August.

The company's net earnings fell to 121-million dollars in the second quarter -- down from 417-million a year ago.

The Saskatoon-based company is... // Read Full Article


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