TSXV:AAA.P - Post by User
Post by
skip_rickon Dec 14, 2011 8:50am
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Allana = Junior Agrium - see following
Allana = Junior Agrium - see followingIs this what we can expect to see in a couple of years ? -
Agrium quadruples semi-annual dividend
Reuters
Published Wednesday, Dec. 14, 2011 7:59AM EST
Last updated Wednesday, Dec. 14, 2011 8:27AM EST
Agrium Inc. 67.48-1.46-2.12% plans to spend about $1.5 billion to increase its potash production capacity by 50 per cent, as it looks to gain from continued strength in crop prices.
The company also said it would quadruple its semi-annual dividend to
.225 per share.
With the expansion at the Vanscoy facility in Saskatchewan, Agrium’s full capacity will rise to 3 million tonnes.
Agrium expects to complete the project in the second half of 2014.
The company, which owns the biggest farm-products retail network in North America, said last month that recent global economic uncertainty has not dented strong drivers supporting demand in agricultural markets.
Skipper