Agrium reports higher quarterly profit; raises dividend 12 pct

Tue May 5, 2015 7:57pm EDT
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May 5 (Reuters) - Canadian fertilizer and farm retail dealer Agrium Inc reported on Tuesday higher first-quarter profit.

Net earnings for the first quarter rose to $14 million, or 8 cents per share, from $3 million, or 2 cents per share, a year ago.

The company said it would boost its dividend by 12 percent to $3.50 per share annually.

(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Leslie Adler)