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

by · The Markets Daily

Nutrien Ltd. (NYSE:NTR – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.55 per share on Friday, January 15th. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, December 31st.

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 dividend payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nutrien to earn $4.45 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 49.4%.

Nutrien Stock Up 3.9%

Shares of NYSE NTR opened at $72.05 on Thursday. The stock’s fifty day simple moving average is $72.92 and its two-hundred day simple moving average is $71.06. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. Nutrien has a 12-month low of $53.65 and a 12-month high of $85.36. The stock has a market capitalization of $34.24 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 0.77 and a beta of 0.67.

Nutrien (NYSE:NTR – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.13). The firm had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.66 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. Nutrien’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. As a group, analysts expect that Nutrien will post 4.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NTR. Raymond James Financial lowered their price objective on shares of Nutrien from $90.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Weiss Ratings lowered shares of Nutrien from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $85.00 price target on shares of Nutrien in a research report on Friday, September 18th. set a $85.00 price target on Nutrien and gave the stock an “outperform” rating in a research report on Monday, October 5th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.24.

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