Topic: How To Invest

Dividend Advisor Hotline – Friday, March 25, 2022

Article Excerpt

NUTRIEN LTD., $135.12, 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. With the April 2022 payment, Nutrien will raise your quarterly dividend by 4.3%. Investors will then receive $0.48 U.S. a share instead of $0.46 U.S. The new annual rate of $1.92 U.S. yields 1.8%. The company also plans to buy back up to 10% of its outstanding shares over the next year. The stock hit a new all-time high of $136.25 on Friday, as economic sanctions restricting potash exports from Russia and Belarus push up prices. In response, Nutrien plans to increase its potash production in 2022 by 1 million tonnes to a total of…