Nutrien Ltd. (TSE:NTR) Increases Dividend to $0.55 Per Share

Nutrien Ltd. (TSE:NTR) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.545 per share on Thursday, April 10th. This represents a $2.18 annualized dividend and a yield of 2.92%. This is a boost from Nutrien’s previous quarterly dividend of $0.54.

Nutrien Stock Performance

TSE NTR traded up C$1.36 during trading on Wednesday, hitting C$74.60. The company’s stock had a trading volume of 1,517,863 shares, compared to its average volume of 1,502,908. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The firm has a market cap of C$25.68 billion, a P/E ratio of 35.12, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The firm has a 50 day moving average price of C$70.53 and a 200 day moving average price of C$67.41.

Analysts Set New Price Targets

Several analysts have issued reports on NTR shares. Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Piper Sandler raised Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Barclays lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$64.50.

Insider Transactions at Nutrien

In other news, Director Kenneth Alvin Seitz bought 10,490 shares of the stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price of C$64.04 per share, with a total value of C$671,779.60. 0.03% of the stock is currently owned by insiders.

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.