Community Programs, Agreements, Dividends, Earnings, and Amendments in Credit Facility - Research Report on Potash Corp. of Saskatchewan, Mosaic, Monsanto, CF Industries, and Intrepid Potash
NEW YORK, August 14, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting Potash Corp. of Saskatchewan, Inc. (NYSE: POT), The Mosaic Company (NYSE: MOS), Monsanto Company (NYSE: MON), CF Industries Holdings, Inc. (NYSE: CF), and Intrepid Potash, Inc. (NYSE: IPI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Potash Corp. of Saskatchewan, Inc. Research Report
On August 8, 2013, Potash Corp. of Saskatchewan, Inc. (PotashCorp) announced that 27 of its employees, including Aaron Fornwald, Bill Johnson, Leanne Bellegarde, Renee Glushyk, and Seana Lenton from Saskatoon, have successfully participated in a volunteer program in Kenya, East Africa. PotashCorp reported that the employees worked with Free The Children- a leading international development organization. Rhonda Speiss, Manager of Corporate Philanthropy at PotashCorp, said, "Our multi-year partnership with Free The Children is a great fit for us. Our company's focus is on global food security and long-term sustainability and Free The Children shares that same approach." According to Renee Glushyk, an employee of the Company, "This was an opportunity of a lifetime! It was remarkable to see the progress that has been made in just six months with the Agriculture and Food Security pillar, and it makes me proud to work for PotashCorp." The Full Research Report on Potash Corp. of Saskatchewan, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/POT]
The Mosaic Company Research Report
On August 5, 2013, The Mosaic Company (Mosaic) announced that it has signed a Shareholders' Agreement with Saudi Arabian Mining Company (Ma'aden) and Saudi Basic Industries Corporation (SABIC). Mosaic stated that through this agreement it will participate in integrated phosphate production facilities in the Kingdom of Saudi Arabia and has a 25% interest in the joint venture, while Ma'aden and SABIC have a 65% interest and 15% interest, respectively. According to the Company, the cost of this greenfield project, to be named as Wa'ad Al Shamal or Northern Promise, Phosphate Project, is estimated at $7 billion and will be built in the northern region of Saudi Arabia. Jim Prokopanko, President and CEO of Mosaic, stated, "We are pleased with the progress on our joint venture with Ma'aden and SABIC. This cost-effective project will allow Mosaic to extend our ability to serve key growing agricultural markets. Our growing global reach further enables us to fulfill Mosaic's mission, to help the world grow the food it needs, while delivering compelling shareholder value." The Full Research Report on The Mosaic Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/MOS]
Monsanto Company Research Report
On August 6, 2013, Monsanto Company (Monsanto) announced that its Board of Directors has increased its Q4 FY 2013 dividend for its common stock. Monsanto reported that the dividend was raised to $0.43 per share from the previous dividend of $0.37 per share. The Company reported that the dividend will be payable on October 25, 2013 to shareholders of record as of October 4, 2013. Monsanto also stated that it has raised its dividend four times since the end of fiscal year 2010, which equates to a cumulative rise of more than 60% over the said period. Pierre Courduroux, CFO of Monsanto, commented, "Monsanto's approach to using its cash position to benefit its shareowners is centered on providing return through dividends and share repurchases, and also using cash for strategic investments." The Full Research Report on Monsanto Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/MON]
CF Industries Holdings, Inc. Research Report
On August 6, 2013, CF Industries Holdings, Inc. (CF Industries) released its Q2 2013 financial results. Net sales were down 1.2% YoY to $1.7 billion.Net earnings attributable to common stockholders were down 17.8% YoY to $498.2 million. Diluted EPS was down 10.0% YoY to $8.38 per diluted share. Stephen R. Wilson, Chairman and CEO of CF Industries, said, "We are pleased with our performance and the earnings we generated this quarter. Despite the challenging market conditions caused by the delayed planting and fertilizer application season, our nimbleness in reacting to those conditions allowed us to generate strong revenue, EBITDA and net earnings performance." CF Industries also announced that it has repurchased 2.6 million shares for $474.2 million during Q2 2013. The Full Research Report on CF Industries Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/CF]
Intrepid Potash, Inc. Research Report
On August 5, 2013, Intrepid Potash, Inc. (Intrepid Potash) reported that it has modified and extended its current $250 million unsecured credit facility. Intrepid Potash stated that post the amendment the maturity of the facility has been extended to August 3, 2018, and certain financial covenants were relaxed and pricing was improved. David Honeyfield, President and CFO of Intrepid Potash, stated, "We are pleased to be able to extend our credit facility, recognizing that the current market conditions provided us a window to extend the term, increase the flexibility, and improve the pricing of the facility. We also are appreciative of the continued support demonstrated by our bank group, each of whom renewed their commitments and expressed their long-term confidence in Intrepid." According to the Company, there is no outstanding amount under this modified facility and the amended facility will be used by Intrepid Potash for general corporate purpose. The Full Research Report on Intrepid Potash, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/IPI]
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SOURCE Investors' Reports
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