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Article: Terra Board of Directors Declares $7.50 per Share Special Cash Dividend.
- Article from:
- Chemicals & Chemistry
- Article date:
- November 13, 2009
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Terra Industries Inc. (NYSE: TRA) announced that its Board of Directors has declared the previously announced special cash dividend of $7.50 per share. The record date and the payment date for the special cash dividend will be the same as those for Terra's previously announced regular quarterly dividend, November 23, 2009 and December 11, 2009, respectively.
"Terra's Board is committed to enhancing value for all shareholders and over the past three years 35% of Terra's net income has been delivered to shareholders in the form of share repurchases and dividends," said Terra President and CEO Michael Bennett. "Through the special cash dividend, Terra will return an ...