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

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 4.10%. 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 Stock Up 1.3 %

Shares of NYSE:NTR opened at $53.12 on Friday. The company’s fifty day moving average is $49.32 and its two-hundred day moving average is $48.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien has a 1-year low of $43.69 and a 1-year high of $60.87. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81.

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

Analyst Upgrades and Downgrades

NTR has been the topic of several recent research reports. UBS Group raised their price target on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and raised their target price for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Piper Sandler upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Barclays reaffirmed an “equal weight” rating and issued a $56.00 price objective (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Finally, Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.22.

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.