07:46:42 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Potash Corp of Saskatchewan Inc
Symbol POT
Shares Issued 830,238,224
Close 2015-02-26 C$ 44.59
Market Cap C$ 37,020,322,408
Recent Sedar Documents

Inv Reporter says buy Potash Corp.

2015-02-26 21:54 ET - In the News

The Investment Reporter, in its Feb. 13, 2015, issue, says buy Potash Corp. of Saskatchewan Inc., recently $46.26. The Reporter said buy 22 times from Dec. 19, 1995, to Aug. 8, 2014, at prices ranging from $33.11 to $207.10 (the stock split 2 for 1 on Aug. 9, 2004, and 3 for 1 on both May 17, 2007, and Feb. 14, 2011). A $1,000 investment for each of the 22 buys is now worth a gratifying $105,657. The fertilizer company recently increased its dividend by 8.6 per cent to $1.52 a share (all figures in U.S. dollars). It now offers an attractive yield of 4.2 per cent. The dividend hike came despite lower earnings of $1.53-billion or $1.82 a share in 2014. This was down from $1.78-billion or $2.04 a share in 2013, as lower prices more than offset higher sales volumes. CEO Jochen Tilk is optimistic about Potash Corp.'s outlook. The company reached a record volume of shipments in the fourth quarter and gained market share after the flood at Uralkali's mine. Its freight, transportation and distribution costs should also drop because of the sharp fall in oil prices. Potash Corp. expects to earn $1.90 a share to $2.20 a share in 2015. It remains a buy for long-term gains and rising dividends.

© 2024 Canjex Publishing Ltd. All rights reserved.