Nutrien Ltd. (NYSE:NTR) Raises Dividend to $0.94 Per Share

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.939 per share on Friday, January 17th. This represents a $3.76 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54.

Nutrien has increased its dividend by an average of 5.6% per year over the last three years. Nutrien has a dividend payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nutrien to earn $3.78 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 57.1%.

Nutrien Stock Down 0.9 %

Shares of NYSE NTR traded down $0.45 during midday trading on Friday, hitting $48.49. 170,711 shares of the stock traded hands, compared to its average volume of 1,941,508. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. Nutrien has a one year low of $44.65 and a one year high of $60.87. The business has a 50 day moving average price of $47.97 and a two-hundred day moving average price of $50.65. The company has a market cap of $23.95 billion, a PE ratio of 30.59, a P/E/G ratio of 1.66 and a beta of 0.82.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities analysts predict that Nutrien will post 3.82 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NTR. UBS Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. HSBC downgraded Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. The Goldman Sachs Group cut Nutrien from a “buy” rating to a “neutral” rating and cut their target price for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Finally, Scotiabank cut their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.44.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.