CF Industries hikes dividend by 33.3%

CF Industries Holdings (CF) will raise its quarterly dividend by 33.3 percent to $0.40 per share in 2022. This is the first dividend hike by CF since 2014, when a 50 percent dividend hike was announced. The next 40 cent dividend is payable on May 31, 2022 to shareholders of record on May 16. The dividend yield for CF is 1.9% at a stock price of $84.55.

CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizer, and other nitrogen products. The company, headquartered in Deerfield, Illinois, through its subsidiaries serves both agricultural and industrial customers. CF Industries operates nitrogen manufacturing complexes in Canada, the United Kingdom and the United States, and distributes plant nutrients through a system of terminals, warehouses, and associated transportation equipment located primarily in the Midwestern United States. The company also owns a 50 percent interest in an ammonia facility in The Republic of Trinidad and Tobago.