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

Nutrien Ltd. (NYSE:NTR) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.54 per share on Friday, July 19th. This represents a $2.16 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Friday, June 28th.

Nutrien has raised its dividend by an average of 5.6% annually over the last three years and has increased its dividend every year for the last 6 years. Nutrien has a payout ratio of 52.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nutrien to earn $3.99 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 54.1%.

Nutrien Price Performance

Shares of NTR stock opened at $52.15 on Thursday. Nutrien has a 1 year low of $47.90 and a 1 year high of $69.12. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $54.93 and its 200-day moving average is $53.77. The firm has a market capitalization of $25.80 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.70 and a beta of 0.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. Sell-side analysts forecast that Nutrien will post 3.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NTR has been the topic of a number of research reports. Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $66.00 in a research report on Monday, April 29th. Wolfe Research began coverage on Nutrien in a research report on Friday, March 1st. They issued an “outperform” rating and a $66.00 price target on the stock. Wells Fargo & Company upped their price objective on Nutrien from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Jefferies Financial Group started coverage on Nutrien in a report on Tuesday, March 26th. They set a “buy” rating and a $62.00 target price on the stock. Finally, Mizuho upped their price target on Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $66.28.

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.