Bloomberg News

CF Boosts Dividend 150% After Demand From Dan Loeb’s Third Point

October 17, 2013

CF Industries Holdings Inc. (CF:US) raised its dividend by 150 percent, two months after activist investor Dan Loeb’s Third Point LLC hedge fund demanded the fertilizer maker raise its payout.

CF will pay a quarterly dividend of $1 a share, up from 40 cents previously, the Deerfield, Illinois-based company said today in a statement. The payout will be made to shareholders of record as of Nov. 15, it said.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


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Companies Mentioned

  • CF
    (CF Industries Holdings Inc)
    • $259.36 USD
    • 2.60
    • 1.0%
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