Agrium (AGU) Plans Quarterly Dividend of C$0.75
Agrium (TSE:AGU) declared a quarterly dividend on Friday, February 21st, AR Network reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.75 per share on Thursday, April 17th. This represents a $3.00 dividend on an annualized basis and a yield of 3.04%.
A number of analysts have recently weighed in on AGU shares. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Agrium in a research note on Wednesday, January 22nd. On a related note, analysts at CIBC raised their price target on shares of Agrium from C$109.00 to C$112.00 in a research note on Monday, January 13th. They now have an “outperform” rating on the stock. Finally, analysts at Bank of America downgraded shares of Agrium to a “neutral” rating in a research note on Thursday, January 9th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Agrium presently has an average rating of “Buy” and a consensus target price of C$103.70.
Shares of Agrium (TSE:AGU) traded up 2.53% on Friday, hitting $101.15. 288,925 shares of the company’s stock traded hands. Agrium has a 52-week low of $83.46 and a 52-week high of $110.21. The stock’s 50-day moving average is $98.55 and its 200-day moving average is $93.50. The company has a market cap of $14.616 billion and a P/E ratio of 11.00.
Agrium (TSE:AGU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.20. During the same quarter in the previous year, the company posted $2.16 earnings per share. On average, analysts predict that Agrium will post $7.50 earnings per share for the current fiscal year.
Agrium Inc (TSE:AGU), incorporated on December 21, 1992, is a global producer and marketer of nutrients for agricultural and industrial markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.