Nutrien Ltd. Declares Quarterly Dividend of $0.54 (NYSE:NTR)

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.54 per share on Friday, October 18th. This represents a $2.16 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, September 27th.

Nutrien has raised its dividend by an average of 5.6% annually over the last three years. Nutrien has a dividend payout ratio of 54.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nutrien to earn $3.97 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 54.4%.

Nutrien Price Performance

Shares of NTR traded down $0.25 during trading hours on Friday, hitting $45.78. 539,577 shares of the stock were exchanged, compared to its average volume of 1,929,471. The stock’s 50-day moving average price is $51.21 and its two-hundred day moving average price is $52.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. The company has a market cap of $22.65 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 1.65 and a beta of 0.83. Nutrien has a 12-month low of $44.90 and a 12-month high of $69.09.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. Research analysts expect that Nutrien will post 3.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Royal Bank of Canada reduced their price objective on Nutrien from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. UBS Group dropped their target price on Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. TD Securities cut their target price on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Wells Fargo & Company lowered their price target on shares of Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.17.

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.