Topic: How To Invest

Dividend Advisor Hotline – Friday, January 14, 2022

Article Excerpt

NUTRIEN LTD., $90.31, Toronto symbol NTR, remains a buy. The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp. of Saskatchewan (old symbol POT). Potash Corp. shareholders received 0.40 shares in Nutrien for each POT share they held; Agrium investors received 2.23 shares for each AGU share. Nutrien last raised your quarterly dividend with the April 2021 payment. Investors now receive $0.46 U.S. a share, up 2.2% from $0.45 U.S. The new annual rate of $1.84 U.S. yields a solid 2.6%. The stock is down 8.9% from its recent peak of $99.10 on December 29, 2021, largely due to the abrupt resignation of Mayo Schmidt as the company’s chairman and chief executive officer. This follows the sudden departure of Chuck Margo as CEO in April 2021. Nutrien did not provide a reason for Mr. Schmidt’s resignation, which has fuelled the recent uncertainty. As well, he…