STOCK SPLIT: PotashCorp goes three-for-one on record Q4 sales

SASKATOON - Potash Corporation of Saskatchewan (PotashCorp) sold a record 2.4 million tonnes of potash in Q4 2010, raising the full-year gross margin to US$1.8 billion and 8.6 million tonnes. Full-year earnings were US$5.95 per share, the second highest in company history despite costs related to fighting off the attempted takeover by BHP Billiton.

The financial results followed the news of Jan. 26, 2011, that the company's directors had approved a three-for-one stock split payable in the form of a stock dividend. The board also approved an increase of the company's quarterly cash dividend to US$0.21 per share (pre-split) up from US$0.10 per share a year earlier.

PotashCorp noted that demand for all three types of fertilizers (potash, phosphate and nitrogen) it sells was rising at year-end, with potash supplying almost 70% of revenues.

The company operates five potash mines in Saskatchewan and one in New Brunswick. Please visit www.PotashCorp.com.