CF Industries Holdings Inc. on Jan. 31 reported that its Board of Directors has declared a $0.50 per share dividend on its common stock, a 25% increase compared to its prior quarterly dividend. The dividend will be payable on Feb. 29, 2024, to stockholders of record as of Feb. 15, 2024.
“CF Industries’ plan to raise its dividend 25%, to 50 cents a share, suggests
management is confident about cash-flow generation capacity, supported by
robust North American demand and favorable energy spreads,” said Alexis Maxell,
Director of Research, Green Markets. “That’s as ammonia prices are down
73% from a 2Q 2022 cycle peak. New production capacity in line with the
developing carbon-free ammonia market is instrumental in extending revenue.”