Nutrien Increases Quarterly Dividend and Announces Intent to Launch a New Share Repurchase Program
February 19 2025 - 5:21PM
Business Wire
Nutrien Ltd. (TSX and NYSE: NTR) announced today that its Board
of Directors declared a quarterly dividend of US$0.545 per share
payable on April 10, 2025 to shareholders of record on March 31,
2025. This represents an approximately one percent increase from
the prior dividend declared on November 6, 2024 and equates to an
annualized dividend of US$2.18 per share.
The Board also approved the purchase of up to five percent of
Nutrien’s issued and outstanding common shares over a twelve-month
period through a normal course issuer bid (NCIB). Any purchases of
common shares will be subject to acceptance by the Toronto Stock
Exchange of Nutrien’s notice to commence a NCIB.
Registered shareholders who are residents of Canada as reflected
in Nutrien's shareholders register, as well as beneficial holders
(i.e., shareholders who hold their common shares through a broker
or other intermediary) whose intermediary is a participant in CDS
Clearing and Depositary Services Inc. or its nominee, CDS &
Co., will receive their dividend in Canadian dollars, calculated
based on the Bank of Canada daily average exchange rate on March
31, 2025. Registered shareholders resident outside of Canada as
reflected in Nutrien's shareholders register, including the United
States, as well as beneficial holders whose intermediary is a
participant in The Depository Trust Company or its nominee, Cede
& Co., will receive their dividend in US dollars. However,
registered shareholders of Nutrien may elect to change the currency
of their dividend payments to US dollars or Canadian dollars, as
applicable. In addition, Nutrien offers registered shareholders
direct deposit by electronic funds transfer for dividend
payments.
Registered shareholders may elect to change the currency of
their dividend and enroll for direct deposit by contacting,
Nutrien’s registrar and transfer agent, Computershare Investor
Services Inc., directly (1-800-564-6253 or
service@computershare.com). Beneficial shareholders should contact
their broker or other intermediary to determine the ability and
necessary steps involved in an election to change the currency of
their dividend payment. For further details, please visit
www.nutrien.com/investors/shareholder-information.
All dividends paid by Nutrien are, pursuant to subsection 89(14)
of the Income Tax Act (Canada), designated as eligible
dividends.
About Nutrien
Nutrien is a leading global provider of crop inputs and
services. We operate a world-class network of production,
distribution and ag retail facilities that positions us to
efficiently serve the needs of growers. We focus on creating
long-term value by prioritizing investments that strengthen the
advantages of our business across the ag value chain and by
maintaining access to the resources and the relationships with
stakeholders needed to achieve our goals.
Forward-Looking Statements
Certain statements in this news release constitute
"forward-looking information" or "forward-looking statements"
(collectively, "forward-looking statements") under applicable
securities laws including, but not limited to, statements with
respect to, among other things, the payment of dividends by
Nutrien, including the timing thereof, and Nutrien's intent to
renew its NCIB and repurchase of its shares thereunder.
Such forward-looking statements involve certain known and
unknown risks and uncertainties, many of which are beyond our
control, which may cause actual results, performance or
achievements of Nutrien to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements, including the receipt by Nutrien of
acceptance of its proposed NCIB by the Toronto Stock Exchange; that
Nutrien’s future results of operations will be consistent with
management expectations in relation thereto; and the risks and
uncertainties set forth in our filings with the Canadian securities
commissions and the U.S. Securities and Exchange Commission.
All forward-looking statements are made as of the date of this
news release. Nutrien disclaims any intention or obligation to
update or revise any forward-looking statements in this press
release as a result of new information or future events, except as
may be required under applicable Canadian securities legislation or
applicable U.S. federal securities laws. All of the forward-looking
statements contained herein are qualified by these cautionary
statements and by the assumptions that are stated or inherent in
such forward-looking statements. Although we believe these
assumptions are reasonable, undue reliance should not be placed on
these assumptions and such forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20250218485277/en/
Jeff Holzman Vice President, Investor Relations (306) 933-8545
Contact us at: www.nutrien.com
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