Nutrien Ltd. (NYSE:NTR) Declares Quarterly Dividend of $0.55

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.55 per share on Thursday, April 16th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 0.9% increase from Nutrien’s previous quarterly dividend of $0.55.

Nutrien has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 7 years. Nutrien has a dividend payout ratio of 53.0% meaning its dividend is sufficiently covered by earnings.

Nutrien Stock Up 0.6%

NTR stock traded up $0.42 during midday trading on Thursday, reaching $70.70. 1,388,418 shares of the company were exchanged, compared to its average volume of 2,936,412. The company has a market cap of $34.04 billion, a price-to-earnings ratio of 19.07 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. Nutrien has a 1-year low of $45.78 and a 1-year high of $73.55. The stock’s 50-day simple moving average is $65.84 and its 200 day simple moving average is $60.49.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period last year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Nutrien will post 3.72 earnings per share for the current year.

Institutional Investors Weigh In On Nutrien

A number of institutional investors have recently added to or reduced their stakes in NTR. Metis Global Partners LLC boosted its holdings in Nutrien by 37.8% in the 3rd quarter. Metis Global Partners LLC now owns 220,648 shares of the company’s stock worth $12,958,000 after acquiring an additional 60,491 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in Nutrien by 122.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 68,124 shares of the company’s stock valued at $4,000,000 after purchasing an additional 37,447 shares in the last quarter. Colrain Capital LLC increased its stake in shares of Nutrien by 35.6% in the third quarter. Colrain Capital LLC now owns 128,150 shares of the company’s stock worth $7,595,000 after buying an additional 33,650 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Nutrien by 20.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 69,551 shares of the company’s stock worth $4,051,000 after acquiring an additional 11,704 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in Nutrien during the 2nd quarter worth $1,511,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

About Nutrien

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.