PotashCorp announces 3 for 1 stock split
Potash Corporation of Saskatchewan Inc. (PotashCorp) has announced a three-for-one stock split of the company's outstanding common shares which will be payable in the form of a stock dividend. Subject to final regulatory approval, all shareholders will receive two additional shares for each share owned on the record date of February 16, 2011.
Additionally, the Board of Directors approved an increase of the company's quarterly cash dividend (from $0.10 per share to $0.21 per share on a pre-split basis), and declared a quarterly cash dividend of US $0.07 per common share (on a post-split basis) payable May 5, 2011 to shareholders of record on April 14, 2011.
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