Topic: Dividend Stocks

AGRIUM INC. $105 – Toronto symbol AGU

AGRIUM INC. $105 (Toronto symbol AGU; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 143.7 million; Market cap: $15.1 billion; Price-to-sales ratio: 0.9; Dividend yield 3.2%; TSINetwork Rating: Average; www.agrium.com) plans to expand its nitrogen fertilizer plant in Borger, Texas.

Besides increasing fertilizer production, these upgrades will let Agrium make diesel exhaust fluid, which helps cut harmful emissions from diesel-powered vehicles.

The company will spend $720 million U.S. on this project, which it expects to complete in the second half of 2015.

Agrium is a buy.

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