Topic: How To Invest

Dividend Advisor Hotline – Friday, June 17, 2022

Article Excerpt

NUTRIEN LTD., $108.18, Toronto symbol NTR, remains a buy for aggressive investors. 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 2022 payment. Investors now receive $0.48 U.S. a share, up 4.3% from $0.46 U.S. The new annual rate of $1.92 U.S. yields 2.3%. In response to Russia’s invasion of Ukraine, many countries have stopped importing potash fertilizer from Russia and Belarus. Those sanctions have pushed up prices. In response, Nutrien plans to increase its potash production to 18.5 million tonnes by 2025. That’s 5 million tonnes, or 40% higher, than its 2020 output. As well, the company is considering new projects that could raise its annual nitrogen-based…

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