Phosagro shares up 3% after strong earnings

Phosagro shares up 3% after strong earnings
Photo by Alexander Grey / Unsplash

Phosagro has also recommended a dividend for the first quarter with a yield of 9%. And then another intrigue unfolds: in July the company refused to pay the recommended dividends for 2021. Will the company pay now?

The future of the company's quotes will largely depend on the state of the global fertilizer market. At the moment, prices have corrected from the highs of 15%. However, the gas crisis and a record drought may contribute to further price growth.