LONDON, UK / ACCESSWIRE / June 27, 2017 / Tuesday June 27 2017 Pro-Trader Daily takes a closer look at Agrium Inc. (NYSE: AGU) as the Company's stock will begin trading ex-dividend on June 28, 2017. In order to capture the dividend payout, investors must purchase the stock one day prior to the ex-dividend date that is by latest June 27, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On May 02, 2017, Agrium's Board of Directors announced that it has approved a dividend of $0.875 USD per common share to be paid on July 20, 2017, to shareholders of record on June 30, 2017. The Company stated that registered shareholders who are residents of Canada as reflected in Agrium's shareholders register will receive their dividend in Canadian dollars. Registered shareholders resident outside of Canada as reflected in Agrium's shareholders register, including the United States, will receive their dividend in US dollars.

Agrium's indicated dividend represents a yield of 3.79%, substantially higher in comparison to the average dividend yield for the Basic Materials sector of 2.49%. The Company has increased dividend for the past 5 years.

Dividend Insights

Agrium has a dividend payout ratio of 65.7% which reflects that the Company distributes approximately $0.66 for every $1.00 earned. The dividend payout ratio reflects how much money a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, or to add to cash reserves.

According to Analyst estimate, Agrium is expected to reported earnings of $6.04 in the coming year, which again substantially covers the Company's annualized dividend of $3.50.

As on March 31, 2017, Agrium had a cash balance in hand of $262 million. As of March 31, 2017, the Company's current assets totaled $7.56 billion and current liabilities were $6.35 billion.

About the Company

Agrium is a major global producer and distributor of agricultural products, services, and solutions. Agrium produces nitrogen, potash, and phosphate fertilizers, with a combined wholesale nutrient capacity of approximately eleven million tonnes. The Company supply key products and services directly to growers, including crop nutrients, crop protection, seed, as well as agronomic and application services.

Recent Development for Agrium

On June 21, 2017, Potash Corporation of Saskatchewan Inc. and Agrium announced that once the anticipated merger transaction closes, the new company will be named Nutrien. The new organization will be the global leader in reliable, low-cost crop nutrient production, combined with the largest agricultural retail-distribution network in the world.

On September 12, 2016, Agrium and Potash Corporation of Saskatchewan ("PotashCorp") announced that they have agreed to combine in a merger of equals to create a world-class integrated global supplier of crop inputs. Under the agreement, a new parent company will be formed to own both companies. PotashCorp's shareholders will receive 0.400 common shares of the new company for each common share of PotashCorp they own, and Agrium's shareholders will receive 2.230 common shares of the new company for each common share of Agrium they own.

The regulatory review and approval process for the merger transaction continues and the parties expect closure of the transaction to take place in Q3 2017.

Stock Performance

At the close of trading session on Monday, June 26, 2017, Agrium's stock price rose slightly by 0.40% to end the day at $92.68. A total volume of 504.66 thousand shares were exchanged during the session, which was above the 3-month average volume of 438.28 thousand shares. The Company's shares are trading at a PE ratio of 22.09 and have a dividend yield of 3.78%. At Monday's closing price, the stock's net capitalization stands at $12.73 billion.

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