Nutrien Ltd. (NTR) to Issue Quarterly Dividend of $0.55 on April 10th

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 paid 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 of this dividend 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 Stock Down 0.9 %

Nutrien stock opened at $52.68 on Friday. The company’s 50-day moving average price is $49.41 and its two-hundred day moving average price is $48.23. 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 P/E ratio of 38.45, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien has a twelve month low of $43.69 and a twelve month high of $60.87.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 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%. As a group, analysts expect that Nutrien will post 3.72 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Scotiabank boosted their price objective on shares of Nutrien from $59.00 to $60.00 and gave the company a “sector outperform” rating in a report on Monday, February 10th. CIBC reaffirmed an “outperformer” rating and set a $55.00 target price (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Finally, Piper Sandler lifted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.39.

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.