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

Nutrien Ltd. (NYSE:NTR) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.545 per share on Thursday, April 10th. This represents a $2.18 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Monday, March 31st.

Nutrien has increased its dividend by an average of 5.5% annually over the last three years. Nutrien has a dividend payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings.

Nutrien Price Performance

Shares of NTR opened at $52.68 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market cap of $25.80 billion, a PE ratio of 38.45, a PEG ratio of 1.19 and a beta of 0.81. Nutrien has a 12-month low of $43.69 and a 12-month high of $60.87. The business has a 50-day simple moving average of $49.41 and a two-hundred day simple moving average of $48.23.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Analysts anticipate that Nutrien will post 3.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NTR shares. TD Securities dropped their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Barclays reaffirmed an “equal weight” rating and set a $56.00 target price (up from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. Piper Sandler upped their price target on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Wells Fargo & Company increased their price target on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, CIBC reaffirmed an “outperformer” rating and issued a $55.00 price objective (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.39.

About Nutrien

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.