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Freitag, 29. Januar 2016

Produzent Potash Corp. kürzt Dividende zum ersten Mal seit 1989

Der historische Bärenmarkt im Rohstoff-Sektor sorgt für weitere Dividenden-Kürzungen bei den großen Produzenten..

Potash Corp. (NYSE:POT) reporting weaker than expected Q4 earnings and cutting its quarterly dividend, hurt by weakening fertilizer prices.
POT is slashing its dividend payout by 34% Y/Y to $0.25/share from $0.38/share, the first cut since the company’s IPO in 1989.
"Weaker fertilizer prices late in the year reduced our earnings for the quarter, giving rise to a more cautious outlook for all three nutrients as we begin 2016," POT says.
POT says Q4 potash sales volumes fell 31% Y/Y, while its average realized potash price fell to $238/metric ton from $284 a year earlier; it sees 2016 potash sales volumes of 8.3M-9.1M metric tons.
Despite falling prices, POT sees global potash demand of 59M-62M metric tons in 2016, in-line with 2015; POT also produces nitrogen and phosphate.
POT issues downside earnings guidance for Q1, seeing EPS of $0.10-$0.20 vs. $0.29 analysts consensus estimate, and for FY 2016, expecting EPS of $0.90-$1.20 vs. $1.45 consensus..

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