Boston, MA 05/16/2014 (wallstreetpr) – Fertilizer company Potash Corp./Saskatchewan (USA) (NYSE:POT) will pay 35 cents to shareholders in cash dividend on August 1. The dividend will capture shareholders of record as of July 11. The dividend declaration comes on the back of a tepid quarter for the company that was marred with decline in profit and product prices. The company also experienced reduced demand for its product in 1Q2014. However, the outgoing CEO Bill Doyle said signs are widespread that the balance of 2014 will experience strong demand and stable prices. Potash Corp./Saskatchewan (USA) (NYSE:POT) reported a profit of $340 million or 40 cents per share in 1Q, the company earned 63 cents per share in the same quarter a year earlier. The fertilizer giant sold potash at $250 per tonne, below the price of $363 per tonne that it enjoyed in 1Q2013.
SL Green Realty Corp (NYSE:SLG) has announced $1.45 billion refinancing of 388-390 Greenwich St building. The company acquired the property in March and subsequently net-leased it to an affiliate of Citigroup Inc (NYSE:C). The company said Citigroup, Wells Fargo & Co (NYSE:WFC), Barclays and Bank of China participated in the lending. The CEO Andrew Mathias termed the conditions of the loan as favorable and that the development confirms the confidence that the lending community has in the company. Like most other REITs, SL Green Realty Corp (NYSE:SLG) continues to enrich its portfolio in preparation for the anticipated long-term boom in the industry. The company reported a profit of $150 million or $1.52 per share on revenue of $381.1 million in 1Q.
Healthcare Trust Of America Inc (NYSE:HTA) announced that Standard & Poor’s updated its credit rating to BBB and issued a stable outlook. The S&P cited various improvements in the company and specifically its on-campus medical office portfolio that is well-occupied. The credit rating firm also noted the success in HTA’s in-house asset management. The company said the rating upgrade confirms its turnaround efforts are paying off well.
