CF Industries Holdings, Inc. (CF) to Issue Quarterly Dividend of $0.50 on February 29th

CF Industries Holdings, Inc. (NYSE:CFGet Free Report) announced a quarterly dividend on Wednesday, January 31st, RTT News reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.50 per share by the basic materials company on Thursday, February 29th. This represents a $2.00 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.40.

CF Industries has raised its dividend by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 1 years. CF Industries has a dividend payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect CF Industries to earn $6.48 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 30.9%.

CF Industries Price Performance

Shares of CF Industries stock opened at $78.08 on Monday. CF Industries has a 52 week low of $60.08 and a 52 week high of $91.23. The company has a current ratio of 4.52, a quick ratio of 4.18 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $77.48 and its two-hundred day moving average price is $79.42. The stock has a market cap of $14.92 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01.

Institutional Investors Weigh In On CF Industries

Several large investors have recently made changes to their positions in CF. Public Sector Pension Investment Board raised its stake in shares of CF Industries by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 20,668 shares of the basic materials company’s stock worth $1,772,000 after buying an additional 1,965 shares during the last quarter. Creative Planning grew its stake in shares of CF Industries by 39.9% during the third quarter. Creative Planning now owns 18,910 shares of the basic materials company’s stock worth $1,621,000 after purchasing an additional 5,398 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in CF Industries by 4.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 13,465 shares of the basic materials company’s stock valued at $1,154,000 after buying an additional 542 shares during the period. CreativeOne Wealth LLC grew its position in shares of CF Industries by 35.9% during the 2nd quarter. CreativeOne Wealth LLC now owns 15,245 shares of the basic materials company’s stock worth $1,058,000 after buying an additional 4,027 shares during the period. Finally, Verity Asset Management Inc. acquired a new stake in shares of CF Industries in the 2nd quarter valued at approximately $262,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on CF Industries from $94.00 to $101.00 and gave the stock an “overweight” rating in a report on Monday, October 23rd. Royal Bank of Canada upped their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, October 17th. Barclays upgraded CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective for the company in a research report on Friday, January 12th. Scotiabank downgraded shares of CF Industries from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, November 6th. Finally, UBS Group lowered CF Industries from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $95.00 to $83.00 in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus target price of $90.87.

Get Our Latest Stock Analysis on CF Industries

CF Industries Company Profile

(Get Free Report)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

Recommended Stories

Dividend History for CF Industries (NYSE:CF)

Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.