Agrium Inc. (AGU) Plans Quarterly Dividend of $0.88
Agrium Inc. (TSE:AGU) (NYSE:AGU) declared a quarterly dividend on Thursday, December 14th, RTT News reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.875 per share on Thursday, January 18th. This represents a $3.50 annualized dividend and a dividend yield of 2.46%.
Agrium (AGU) opened at C$142.28 on Friday. Agrium has a 52 week low of C$115.16 and a 52 week high of C$146.99.
AGU has been the subject of several recent analyst reports. TD Securities upgraded Agrium from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank of Canada boosted their target price on Agrium to C$140.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$114.75.
In other news, insider Michael Reed Webb purchased 1,200 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of C$136.01 per share, with a total value of C$163,212.00. Also, Director Derek George Pannell purchased 3,400 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average cost of C$139.45 per share, for a total transaction of C$474,130.00.
Agrium Company Profile
Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.
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