Listed: TSX, NYSE
Symbol: POT
SASKATOON, Nov. 16, 2016 /PRNewswire/ - Potash Corporation
of Saskatchewan Inc. announced today that its Board of Directors
has declared a quarterly dividend of US $0.10 per share payable February 2, 2017 to shareholders of record
January 12, 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 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, Canadian court and securityholder 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; changes in
currency and exchange rates; 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.