CF Industries Holdings, Inc. (CF) to Issue Quarterly Dividend of $0.50 on November 28th

CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Wednesday, October 1st, RTT News reports. Shareholders of record on Friday, November 14th will be paid a dividend of 0.50 per share by the basic materials company on Friday, November 28th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 14th.

CF Industries has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. CF Industries has a dividend payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect CF Industries to earn $5.86 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 34.1%.

CF Industries Stock Performance

Shares of CF stock opened at $83.69 on Wednesday. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 10.92 and a beta of 0.89. The business has a 50 day simple moving average of $86.17 and a 200 day simple moving average of $88.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, equities research analysts anticipate that CF Industries will post 5.83 EPS for the current year.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.