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

Nutrien Ltd. (NYSE:NTR) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.54 per share on Friday, October 18th. This represents a $2.16 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Friday, September 27th.

Nutrien has raised its dividend by an average of 5.6% annually over the last three years. Nutrien has a dividend payout ratio of 54.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Nutrien to earn $3.97 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 54.4%.

Nutrien Trading Down 0.5 %

Shares of NTR stock traded down $0.25 during trading hours on Friday, hitting $45.78. 539,577 shares of the company were exchanged, compared to its average volume of 1,929,471. The firm has a fifty day moving average of $51.21 and a 200 day moving average of $52.73. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. Nutrien has a 1 year low of $44.90 and a 1 year high of $69.09. The firm has a market cap of $22.65 billion, a PE ratio of 26.92, a PEG ratio of 1.65 and a beta of 0.83.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. Analysts expect that Nutrien will post 3.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

NTR has been the topic of several research analyst reports. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Piper Sandler decreased their price objective on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. HSBC downgraded shares of Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Berenberg Bank upgraded Nutrien from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $66.00 in a report on Monday, April 29th. Finally, TD Securities cut their price objective on Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and a consensus target price of $65.17.

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.