Calgary-based fertilizer producer Agrium Inc.
, Stock Forum
) says its third-quarter results will be negatively affected by soft prices and lower sales volumes in its wholesale operations.
It says wholesale earnings before interest and tax will be about $200 million lower than in the same period last year.
Agrium also said in a press release
it will increase its dividend by 50 per cent to US$3 a share per year but its shares fell 2.35 to $90.22, leaving the company with a market cap of $13.2 billion, based on 146.8 million shares outstanding.
The 52-week range is $116.38 and $83.46.