Hello everyone I wish I was writing about something positive happening to my portfolio, but today it suffered a small setback. Today Potash Corp announced that they were cutting their dividend by 60% to $0.10 US from $0.25 US.
This is the second dividend cut for Potash Corp in recent months. In a way I am glad they did this because ever since they cut the dividend there was consistent talk that the cut wasn’t deep enough. I believe this move will help free up cash until the fertilizer market improves. This morning when I read the news the first thought was to go sign in to broker account and sell, but after a few minutes I calmed down and realised that I would be overreacting since I am in this for the long haul I am going to keep the stock in my portfolio and monitor the situation.
I currently own 45 shares of Potash Corp and with the dividend cut I will lose $13.50 in passive income for the remained of 2016.
Thanks for reading
Matthew
All About The Dividends 
Sorry about the bad news but the share price seemed to hold up well considering the cut.
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Hey Mat! I think POT will do fine in the future. Fertilizers are always going to be in demand. People gotta eat food, right? I don't own the stock but at these levels I will consider it especially if it drops a little more. Should be a good long term hold.
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Thanks guys yes the stock did hold up well today. I agree German that is why I have decided to hang onto the stock.
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I'm holding. Once the Potash market turns around this company will be fine.
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Thanks IH I will hold now as well.
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