OREANDA-NEWS. January 31, 2013. Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that its Board of Directors has approved an increase of the company's quarterly cash dividend (from USD 0.21 per share to USD 0.28 per share), and declared a quarterly cash dividend of US USD 0.28 per common share payable May 2, 2013 to shareholders of record on April 11, 2013.

“This change marks the fourth – and more than 700 percent cumulative – increase in our dividend since the beginning of 2011” said PotashCorp President and Chief Executive Officer Bill Doyle. “We are excited by the potential of our company, particularly as our potash expansion program nears completion. Our board and management team’s decision to further enhance our dividend reflects the confidence we have in our ability to generate strong cash flow in the years ahead.”

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 third largest producer 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.