Nutrien Ltd. Declares Increased Quarterly Dividend and Approves Share Repurchase Plan
Nutrien Ltd. (TSX and NYSE: NTR) has announced that its Board of Directors has declared a quarterly dividend of US$0.55 per common share, reinforcing the company’s continued commitment to delivering value to shareholders. The dividend will be payable on April 16, 2026, to shareholders of record as of March 31, 2026.
This latest declaration reflects an approximate one percent increase compared to the previous quarterly dividend declared on November 5, 2025. On an annualized basis, the dividend amounts to US$2.20 per share, demonstrating the company’s stable capital allocation strategy and confidence in its long-term financial outlook.
Dividend Increase Reflects Ongoing Shareholder Commitment
The modest but meaningful increase in the quarterly dividend underscores Nutrien’s disciplined approach to returning capital to investors while maintaining financial flexibility. By raising its dividend, the company continues to signal confidence in its operational resilience, cash flow generation, and overall business performance.
An annualized dividend of US$2.20 per share positions Nutrien as a consistent income-generating investment within the global agricultural inputs and fertilizer sector. The company has maintained a balanced capital allocation framework that includes dividends, share repurchases, reinvestment in core operations, and maintaining a strong balance sheet.
The dividend remains subject to standard record and payment dates, ensuring shareholders receive distributions in accordance with established corporate governance practices.
Board Approves Normal Course Issuer Bid (NCIB)
In addition to the dividend increase, Nutrien’s Board of Directors has approved the launch of a Normal Course Issuer Bid (NCIB), authorizing the company to repurchase up to five percent of its issued and outstanding common shares over a twelve-month period.
The proposed share repurchase program remains subject to acceptance by the Toronto Stock Exchange (TSX) of Nutrien’s formal notice to commence the NCIB. Once approved, the company may begin purchasing shares in the open market in accordance with applicable regulatory requirements and exchange rules.
A share repurchase program allows the company to return additional capital to shareholders while potentially enhancing earnings per share and long-term shareholder value. Repurchased shares are typically cancelled, reducing the total number of shares outstanding and thereby increasing proportional ownership for remaining shareholders.
The NCIB complements Nutrien’s dividend program as part of its broader capital return strategy, providing flexibility to allocate excess capital efficiently depending on market conditions and financial performance.
Dividend Currency Payment Details
Nutrien provides detailed guidance regarding the currency in which dividends will be paid, ensuring clarity for both Canadian and international shareholders.
Canadian-Resident Registered Shareholders
Registered shareholders who are residents of Canada, as reflected in Nutrien’s shareholder register, will receive their dividend payments in Canadian dollars. The conversion from US dollars to Canadian dollars will be calculated based on the Bank of Canada daily average exchange rate on March 31, 2026.
Similarly, beneficial shareholders who hold their common shares through a broker or intermediary whose services are connected to CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co., will also receive dividends in Canadian dollars.
Shareholders Outside Canada
Registered shareholders who reside outside Canada, including those in the United States, as indicated in Nutrien’s shareholder register, will receive dividend payments in US dollars.
In addition, beneficial shareholders whose intermediary participates in The Depository Trust Company (DTC) or its nominee, Cede & Co., will likewise receive dividends in US dollars.
This structure ensures that shareholders receive payments consistent with the regulatory and clearing systems governing their holdings.
Option to Elect Dividend Currency
Nutrien offers registered shareholders the flexibility to elect the currency in which they receive dividend payments. Eligible shareholders may choose to receive dividends in either US dollars or Canadian dollars, depending on their individual preferences and financial considerations.
This currency election feature provides added convenience, particularly for investors who manage cross-border portfolios or wish to align dividend payments with their domestic banking arrangements.
Shareholders seeking to change their dividend currency must submit their request prior to the applicable deadline to ensure the election is processed in time for the upcoming dividend payment.
Direct Deposit Enrollment Available
To further enhance shareholder convenience, Nutrien offers registered shareholders the option to enroll in direct deposit via electronic funds transfer (EFT) for dividend payments. Direct deposit allows shareholders to receive dividend funds directly into their bank accounts, improving efficiency and eliminating the need for paper checks.
Electronic delivery of dividends can help reduce processing times and provides an added layer of security compared to traditional mailed payments.
How Shareholders Can Make Changes
Registered shareholders who wish to change the currency of their dividend payments or enroll in direct deposit may contact Nutrien’s registrar and transfer agent, Computershare Investor Services Inc., directly. Shareholders can reach Computershare by phone at 1-800-564-6253 or via email at service@computershare.com.
Beneficial shareholders—those who hold shares through a broker, financial institution, or other intermediary—should contact their respective broker or intermediary to determine the available options and necessary procedures for changing dividend currency or enrollment preferences.
Because beneficial holdings are administered through intermediary institutions, any election or change must typically be processed through those channels rather than directly through the company’s transfer agent.
Tax Designation of Dividends
Nutrien confirmed that all dividends paid by the company are designated as eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada).
For Canadian taxpayers, eligible dividends generally qualify for the enhanced dividend tax credit, which may result in more favorable tax treatment compared to non-eligible dividends. Shareholders are encouraged to consult their tax advisors to understand the specific implications of dividend income based on their individual circumstances and residency status.
Balanced Capital Allocation Strategy
The combination of a dividend increase and authorization of a new share repurchase program reflects Nutrien’s continued focus on disciplined capital allocation. By returning capital through both dividends and buybacks, the company aims to balance immediate shareholder returns with long-term value creation.
This dual approach provides flexibility to adapt to changing market dynamics while maintaining a commitment to financial strength and operational growth. The dividend increase signals steady performance, while the NCIB offers opportunistic capital deployment depending on market valuations and corporate priorities.
As Nutrien moves forward into 2026, these initiatives reinforce its strategy of delivering sustainable shareholder returns while supporting its position as a leading global provider of crop inputs and agricultural solutions.
Source link: https://www.businesswire.com/
