The new dividend rate, which translates to an annual payout of $2.40 per share, takes effect on August 31. Investors appearing on the company's books by the record date of August 14 will qualify for the distribution. Based on the stock's closing price of $117.02 on Wednesday, this adjustment results in a dividend yield of 2%.
CF Industries Boosts Quarterly Dividend by 20 Percent
Shareholders of CF Industries are set for a payout increase as the board moves to raise the quarterly dividend to 60 cents per share. This 20% bump, climbing from the previous 50-cent distribution, reflects the nitrogen fertilizer producer’s latest financial adjustment following Wednesday’s market close.
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