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Agrium more than doubles semi-annual dividend

Michael Wilson, president and chief executive officer of Agrium.

TODD KOROL/TODD KOROL/REUTERS

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.

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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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