* Q4 EPS misses expectations
* Raises dividend, has strong 2012 outlook
Jan 19 (Reuters) - Shares of Viterra, fell more than 5 percent on Thursday morning, a day after Canada’s biggest grain handler reported disappointing quarterly results.
Viterra reported lower than expected fourth-quarter earnings of 3 Canadian cents a share on Wednesday, after markets had closed, although revenue of C$3.1 billion ($3.09 billion) topped expectations.
For the year, Viterra’s profit jumped 83 percent to C$265 million. The company also boosted its semi-annual dividend by 50 percent to signal confidence in its future prospects.
Viterra said on Wednesday that global grain supply and demand fundamentals look strong for 2012 and that the end of the Canadian Wheat Board’s monopoly this year will add to its bottom line.
The company’s shares fell 57 Canadian cents or 5.1 percent in Toronto to C$10.57.
$1=$1.01 Canadian Reporting by Rod Nickel in Winnipeg; editing by Rob Wilson