The fertilizer producer increases its payout by 20%, marking the latest raise in its dividend growth streak.
CF Industries announced a 20% increase in its quarterly dividend to $0.60 per share, up from the prior $0.50. The new payout yields 2.05% on a forward basis.
The company last raised its dividend in November 2023, when it increased the payout from $0.40 to $0.50. The latest adjustment reflects continued confidence in cash flow generation amid stable fertilizer demand.
The dividend is payable August 31 to shareholders of record as of August 14, with an ex-dividend date set for the same day.