- Agrium (AGU +3%) breaks out to a 52-week high after saying it is raising its target dividend payout ratio to 40%-50% of free cash flow from its previous target of 25%-35%, and plans to make a normal course issuer bid for up to 5%, or nearly 7.2M, of its common shares over the next 12 months.
- A normal course issuer bid essentially is the Toronto Stock Exchange's mechanism for allowing a Canadian company to buy back its own stock in order to cancel it.