Agrium dividend more than doubles

Calgary — Agrium Inc. said June 7 that the board of directors has approved a $0.275 per share increase to the semi-annual dividend declared on May 11, 2012. The semi-annual dividend will be $0.50 per share and will be paid July 12, 2012, to shareholders of record on July 1, 2012. “The further increase in our dividend is an indication of the strength in our earnings outlook across both our Retail and Wholesale operations and how our growth strategy has continued to deliver results for the benefit of shareholders. Agrium is committed to continuing to deliver value-added growth across the value chain and remains confident we can achieve our future growth objectives while also providing the opportunity for increases in return of capital to shareholders,” said Agrium President and CEO Mike Wilson.