Murray Wood: Signs of spring appearing in Saskatchewan
Murray Wood says signs of spring were all over the place on the weekend, even though the forecast remains wintery for th...
Potash Corporation of Saskatchewan announced Thursday lower quarterly earnings and a cut to its shareholder dividends for the second time this year.
The Saskatoon based fertilizer producer says its payout to shareholders will be cut to 10 cents U-S per quarter — down from the 25 cents per share they were paid in May and August.
The company’s net earnings fell to 121-million dollars in the second quarter — down from 417-million a year ago.
The Saskatoon-based company is blaming subdued global markets.
Shares of the company dropped five per cent in early morning trading.
-With files from Canadian Press
