Agrium Inc. says its dividend is going to more than double, reflecting its confidence in the future outlook.
The new semi-annual payout to shareholders will be 50 cents per share, up from 2-1/4 cents per share previously.
The Calgary-based company sells fertilizer wholesale globally and operates a North American retail operation.
Agrium chief executive Mike Wilson says he’s confident the company can achieve its future growth objectives while increasing payments to its shareholders.
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