Calgary-Agrium Inc. has declared a dividend of five and one half cents U.S. per common share to be paid on January 15, 2009, to shareholders of record on Dec. 29, 2008. All dividends paid by Agrium 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.
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