Nutrien Ltd. (NTR) to Distribute Quarterly Dividend of $0.55 on October 16th

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 29th will be given a dividend of 0.55 per share on Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 29th.

Nutrien has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Nutrien has a payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nutrien to earn $4.69 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 46.9%.

Nutrien Stock Performance

NYSE:NTR opened at $66.76 on Friday. Nutrien has a 52 week low of $53.03 and a 52 week high of $85.36. The company has a fifty day simple moving average of $66.15 and a two-hundred day simple moving average of $70.47. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The company has a market cap of $31.93 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.67 and a beta of 0.61.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.94%. The company had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the previous year, the business posted $2.65 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts anticipate that Nutrien will post 5.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on Nutrien from $85.00 to $81.00 and set an “overweight” rating for the company in a research note on Monday, July 27th. Mizuho reduced their target price on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Oppenheimer lowered their price target on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. TD Securities restated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Finally, National Bank Financial set a $76.00 price objective on shares of Nutrien and gave the stock an “outperform” rating in a research report on Monday, July 13th. Sixteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.84.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.