|Nutrien Ltd. - NTR.n is the largest producer of potash by capacity and one of the world’s largest producers of nitrogen and phosphate, providing the three key nutrients growers need to produce healthier, more abundant crops. Retail operations serve growers in seven countries across three continents, with a history that goes back almost 50 years.|
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Nutrien Ltd. (Nutrien) announced today that its Board of Directors has declared a quarterly dividend of US$0.40 per common share payable on April 20, 2018 to shareholders of record on March 29, 2018. The dividend represents a 27 percent increase from its legacy companies combined payout level. Nutrien will target a stable and growing dividend that represents 40 to 60 percent of free cash flow after sustaining capital through the cycle.
Nutrien's Board of Directors also approved the purchase of up to five percent of Nutrien's outstanding common shares over a one-year period through a normal course issuer bid (NCIB).