Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Agrium Inc.    AGU   CA0089161081

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Agrium Inc : Agrium announces increased dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/14/2011 | 02:10pm CET

ALL AMOUNTS ARE STATED IN U.S.$ UNLESS OTHERWISE INDICATED

Calgary, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today that the Board of Directors has approved a quadrupling of Agrium's cash dividend on common stock to $0.225 per share on a semi-annual basis, up from the previous semi-annual dividend of $0.055 per share. The $0.225 per share dividend will be paid January 19, 2012 to shareholders of record on January 1, 2012.

"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." said Agrium's President and CEO, Mike Wilson.

All dividends paid by Agrium Inc. are, pursuant to subsection 89(14) of the Income Tax Act, designated as eligible dividends. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit.

About Agrium
Agrium Inc. is a major Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America through our Advanced Technologies business unit. Agrium's strategy is to grow across the value chain through acquisition, incremental expansion of its existing operations and through the development, commercialization and marketing of new products and international opportunities. Our strategy places particular emphasis on growth opportunities that both increase and stabilize our earnings profile in the continuing transformation of Agrium.

Forward-Looking Statements
Certain statements and other information included in this press release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation or constitute "forward-looking statements" within the meaning of applicable U.S. securities legislation (together, "forward-looking statements"). All statements in this press release, other than those relating to historical information or current conditions, are forward-looking statements, including, but not limited to, statements as to management's expectations with respect to, among other things, future crop and crop input volumes, demand, margins, prices and sales; business and financial prospects; and other plans, strategies, objectives and expectations, including with respect to future operations of Agrium. Such forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control, as well as various assumptions and business sensitivities, including those risk factors referred to in the MD&A section of the Corporation's most recent Annual Report to Shareholders as well as those risk factors described in the Corporation's most recent Annual Information Form, which may cause actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Agrium disclaims any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may be required under applicable Canadian securities legislation or applicable U.S. federal securities law.

FOR FURTHER INFORMATION:
Investor/Media Relations:
Richard Downey, Vice President, Investor/Corporate Relations
(403) 225-7357

Todd Coakwell, Manager, Investor Relations
(403) 225-7437

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AGRIUM INC.
12/05 AGRIUM : to Support the Largest Corporate Sustainability Network in Canada as a ..
12/02 Global Water Soluble Fertilizer Market - Yara International ASA, Israel Chemi..
12/01 POTASH CORPORATION OF SASKATCHEWAN I : POT) Files An 8-K Other Events
11/30 POTASH OF SASKATCHEWAN : DBRS Changes Under Review Status of Potash Corporation ..
11/22 Global Potassium Chloride Market - Agrium Inc., Arab Potash Company, Israel C..
11/16 AGRIUM : to present at 2016 CIBC UK Agriculture and Fertilizer Conference
11/10 AGRIUM : and PotashCorp Provide Update on Approvals for Proposed Merger of Equal..
11/09 Trump stand on AT&T/Time Warner not indicative of M&A policy - analysts
11/07 AGRIUM : and PotashCorp Provide Update on Approvals for Proposed Merger of Equal..
11/07 AGRIUM : Securityholders Overwhelmingly Approve Merger of Equals with PotashCorp
More news
Sector news : Agricultural Chemicals - NEC
11/25DJSYNGENTA : China Plans 'Strict Controls' to Curb Capital Flight
11/23DJPOTASH OF SASKATCHEWAN : Corp. Plans Job, Output Cuts
11/17 SYNGENTA : EU delays ChemChina-Syngenta merger decision to March 29
11/13DJMOSAIC : Florida Sinkhole Heightens Concerns About Fertilizer Industry
11/09 Trump stand on AT&T/Time Warner not indicative of M&A policy - analysts
More sector news : Agricultural Chemicals - NEC
News from SeekingAlpha
12/06 CF IS UP 30% SINCE MY JULY RECOMMEND : Buy, Hold, Or Sell?
11/29 A YEAR IN REVIEW : Integer Investments
11/14 Time To Get Ready For Agrium's Industry-Shaking Merger
11/09 POTASH : Strong Outperformer
11/08 Donald Trump Hedge
Advertisement
Financials ($)
Sales 2016 13 706 M
EBIT 2016 1 210 M
Net income 2016 680 M
Debt 2016 4 941 M
Yield 2016 3,40%
P/E ratio 2016 20,57
P/E ratio 2017 17,34
EV / Sales 2016 1,40x
EV / Sales 2017 1,33x
Capitalization 14 288 M
More Financials
Chart AGRIUM INC.
Duration : Period :
Agrium Inc. Technical Analysis Chart | AGU | CA0089161081 | 4-Traders
Full-screen chart
Technical analysis trends AGRIUM INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 106 $
Spread / Average Target 2,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Charles V. Magro President, CEO & Non-Independent Director
Derek George Pannell Chairman
Steven James Douglas Chief Financial Officer & Senior Vice President
Russell K. Girling Independent Non-Executive Director
Russell J. Horner Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AGRIUM INC.12.40%14 288
SYNGENTA AG1.76%36 591
POTASH CORPORATION OF ..5.02%15 623
YARA INTERNATIONAL ASA-18.86%10 296
SCOTTS MIRACLE-GRO CO40.80%5 458
ICL ISRAEL CHEMICALS L..-3.42%5 268
More Results