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Agrium looks to retail division for dividend growth: CEO

Tags: Agrium
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Agrium Inc. is increasing production at its Vanscoy facility in Saskatchewan, and will quadruple its semi-annual dividend to 22.5 cents per share.

CEO Mike Wilson says it will keep returning money to shareholders as its retail business grows.

“Our retail business is at a size now where it can afford a dividend,” Wilson tells BNN. “As that that business continues to grow, you’ll see us revisit that dividend number.”
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