CF Boosts Dividend 150% After Demand From Dan Loeb

CF Industries Holdings Inc. (CF) raised its dividend by 150 percent, two months after activist investor Dan Loeb’s Third Point LLC hedge fund demanded the fertilizer maker raise its payout.

CF will pay a quarterly dividend of $1 a share, up from 40 cents previously, the Deerfield, Illinois-based company said today in a statement. The payout will be made to shareholders of record as of Nov. 15, it said.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

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