Listed: TSX, NYSE
Symbol: POT
SASKATOON, Jan. 25, 2017 /CNW/ - Potash Corporation of
Saskatchewan Inc. announced today that its Board of Directors has
declared a quarterly dividend of US $0.10 per share payable May 2, 2017 to shareholders of record
March 31, 2017.
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PotashCorp is the world's largest crop nutrient company and
plays an integral role in global food production. The company
produces the three essential nutrients required to help farmers
grow healthier, more abundant crops. With global population rising
and diets improving in developing countries, these nutrients offer
a responsible and practical solution to meeting the long-term
demand for food. PotashCorp is the largest producer, by capacity,
of potash and one of the largest producers of nitrogen and
phosphate. While agriculture is its primary market, the company
also produces products for animal nutrition and industrial uses.
Common shares of Potash Corporation of Saskatchewan Inc. are listed
on the Toronto Stock Exchange and the New York Stock
Exchange.
This release contains "forward-looking statements" (within
the meaning of the US Private Securities Litigation Reform Act of
1995) or "forward-looking information" (within the meaning of
applicable Canadian securities legislation) that relate to future
events or our future performance. These statements can be
identified by expressions of belief, expectation or intention, as
well as those statements that are not historical fact. These
statements often contain words such as "should," "could," "expect,"
"forecast," "may," "anticipate," "believe," "intend," "estimates,"
"plans" and similar expressions. These statements are based on
certain factors and assumptions as set forth in this document,
including with respect to: foreign exchange rates, expected growth,
results of operations, performance, business prospects and
opportunities, including the completion of the proposed merger of
equals with Agrium, and effective tax rates. While we consider
these factors and assumptions to be reasonable based on information
currently available, they may prove to be incorrect.
Forward-looking statements are subject to risks and uncertainties
that are difficult to predict. The results or events set forth in
forward-looking statements may differ materially from actual
results or events. Several factors could cause actual results or
events to differ materially from those expressed in forward-looking
statements including, but not limited to, the following: our
proposed merger of equals transaction with Agrium, including the
failure to satisfy all required conditions, including required
regulatory approvals, or to satisfy or obtain waivers with respect
to all other closing conditions in a timely manner and on favorable
terms or at all; the occurrence of any event, change or other
circumstances that could give rise to the termination of the
arrangement agreement; certain costs that we may incur in
connection with the proposed merger of equals; certain restrictions
in the arrangement agreement on our ability to take action outside
the ordinary course of business without the consent of Agrium; the
effect of the announcement of the proposed merger of equals on our
ability to retain customers, suppliers and personnel and on our
operating future business and operations generally; risks related
to diversion of management time from ongoing business operations
due to the proposed merger of equals; failure to realize the
anticipated benefits of the proposed merger of equals and to
successfully integrate Agrium and PotashCorp; the risk that our
credit ratings may be downgraded or there may be adverse conditions
in the credit markets; variations from our assumptions with respect
to foreign exchange rates, expected growth, results of operations,
performance, business prospects and opportunities, and effective
tax rates; fluctuations in supply and demand in the fertilizer,
sulfur and petrochemical markets; changes in competitive pressures,
including pricing pressures; risks and uncertainties related to any
operating and workforce changes made in response to our industry
and the markets we serve, including mine and inventory shutdowns;
adverse or uncertain economic conditions and changes in credit and
financial markets; economic and political uncertainty around the
world; changes in capital markets; the results of sales contract
negotiations; unexpected or adverse weather conditions; risks
related to reputational loss; the occurrence of a major safety
incident; inadequate insurance coverage for a significant
liability; inability to obtain relevant permits for our operations;
catastrophic events or malicious acts, including terrorism; certain
complications that may arise in our mining process, including water
inflows; risks and uncertainties related to our international
operations and assets; our ownership of non-controlling equity
interests in other companies; our prospects to reinvest capital in
strategic opportunities and acquisitions; risks associated with
natural gas and other hedging activities; security risks related to
our information technology systems; imprecision in reserve
estimates; costs and availability of transportation and
distribution for our raw materials and products, including railcars
and ocean freight; changes in, and the effects of, government
policies and regulations; earnings and the decisions of taxing
authorities which could affect our effective tax rates; increases
in the price or reduced availability of the raw materials that we
use; our ability to attract, develop, engage and retain skilled
employees; strikes or other forms of work stoppage or slowdowns;
rates of return on, and the risks associated with, our investments
and capital expenditures; timing and impact of capital
expenditures; the impact of further innovation; adverse
developments in new and pending legal proceedings or government
investigations; and violations of our governance and compliance
policies. These risks and uncertainties are discussed in more
detail under the headings "Risk Factors" and "Management's
Discussion and Analysis of Results and Operations and Financial
Condition" in our Annual Report on Form 10-K for the fiscal year
ended December 31, 2015, the joint
information circular of the company and Agrium, filed as Exhibit
99.1 to the company's Current Report on Form 8-K dated October 6, 2016 and with Canadian provincial
securities commissions, in connection with the proposed merger of
equals with Agrium and in other documents and reports subsequently
filed by us with the US Securities and Exchange Commission and the
Canadian provincial securities commissions. Forward-looking
statements are given only as of the date hereof and we disclaim any
obligation to update or revise any forward-looking statements in
this release, whether as a result of new information, future events
or otherwise, except as required by law.
SOURCE Potash Corporation of Saskatchewan Inc.