Terra Nitrogen Declares Its First 2013 Dividend

Terra Nitrogen has declared its cash distribution for 4Q 2012. The company will pay $3.63 per unit on Feb. 28 to holders of record as of Feb. 19. That payout is the lowest since February 2011, when it amounted to $1.36 per unit. The company paid between $4.00 and $4.53 in the four quarters of 2012. The current distribution, when annualized, results in a yield of 5.9% on the current unit price.

As a limited partnership, Terra Nitrogen's distributions depend on its operating performance.

The company is scheduled to post its Q4 and fiscal 2012 results after market close on Feb. 19.

The article Terra Nitrogen Declares Its First 2013 Dividend originally appeared on Fool.com.

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