Agrium (NYSE:AGU) announced today that its board boosted its cash dividend to approximately $0.23 per share on a semi-annual basis, up from its previous dividend of approximately $0.06 per share.
The $0.23 per share dividend will be paid January 19, 2012 to shareholders of record on January 1, 2012.
Agrium's President and CEO, Mike Wilson said, "The increase in our dividend is a result of the continued growth in stable earnings from our Retail business and the strength in our Wholesale earnings profile and outlook. Agrium is committed to continuing to deliver value-added growth across the value chain and we are confident we can achieve our future growth objectives while at the same time providing a higher dividend to shareholders."
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