Nutrien Declares Quarterly Dividend of US$0.53 per Share
Nutrien Ltd. has announced that its Board of Directors has declared a quarterly dividend of US$0.53 per share. The dividend will be payable on January 12, 2024, to shareholders of record on December 29, 2023. Registered shareholders who are residents of Canada, as well as beneficial holders whose intermediary is a participant in CDS Clearing and Depositary Services Inc. or its nominee, will receive their dividend in Canadian dollars. Registered shareholders resident outside of Canada, including the United States, as well as beneficial holders whose intermediary is a participant in The Depository Trust Company or its nominee, will receive their dividend in US dollars. Nutrien offers registered shareholders the option to change the currency of their dividend payments. Additionally, registered shareholders may enroll for direct deposit by electronic funds transfer for dividend payments. All dividends paid by Nutrien are designated as eligible dividends under the Income Tax Act (Canada).
Nutrien is the world's largest provider of crop inputs and services, operating a network of production, distribution, and retail facilities. The company focuses on creating long-term value by advancing environmental, social, and governance priorities. For more information, visit www.nutrien.com.
Investor and Media Contacts
For investor inquiries, please contact Jeff Holzman, Vice President of Investor Relations at Nutrien, at (306) 933-8545. For media inquiries, please contact Megan Fielding, Vice President of Brand & Culture Communications at Nutrien, at (403) 797-3015.
Implications of Nutrien's Dividend Declaration for New Businesses
Investor Relations Strategies
Nutrien Ltd.'s recent declaration of a quarterly dividend of US$0.53 per share offers a valuable lesson for new businesses about investor relations strategies. Dividend payments are a tangible way of sharing profits with shareholders, which can help attract and retain investors. For startups, developing a clear and attractive dividend policy can be a powerful tool in their investor relations arsenal.
Nutrien's ability to declare consistent dividends also speaks to its strong financial management. This is an important consideration for new businesses, as robust financial management is key to ensuring business sustainability and growth.
Global Market Considerations
Furthermore, Nutrien's provision for shareholders outside Canada to receive their dividends in US dollars shows an understanding of the global nature of today's business environment. For new businesses, this underscores the importance of considering global market dynamics in their operations.
In conclusion, Nutrien's dividend declaration provides key insights for new businesses on investor relations, financial management, and global market considerations. It highlights the importance of these factors in building a successful and sustainable business.