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Potash Corporation of Saskatchewan is often considered one of the best dividend stocks in the fertilizer industry. The company pays out a major portion of its free cash flow to shareholders, has paid a dividend every quarter since 1990, and yields more than 6% at current prices. However, there's more than meets the eye, and there are strong reasons for income investors to choose Mosaic Company over PotashCorp now.
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Mosaic's dividend offers far greater potential to grow in the near future, and I don't say this based on PotashCorp's recent dividend cut, which was also its first ever. There are bigger and better reasons to opt for Mosaic, some of which may surprise you. Take a look at the following slideshow to learn more.
The article Forget PotashCorp: Here's a Better Dividend Stock originally appeared on Fool.com.
Neha Chamaria has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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