Terra Nitrogen (NYSE: TNH ) 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
Well, it turns out they actually earned $4.61 per unit but for whatever reason chose to keep back $.98 per unit. I'm guessing they'll use it to prop the dividend when they shut down for the few weeks they said they were going to do so.