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Michael Wilson, president and chief executive officer of Agrium.TODD KOROL

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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