CF Industries Holdings, Inc. (NYSE:CF) declared a quarterly dividend on Tuesday, October 10th, RTT News reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.30 per share by the basic materials company on Thursday, November 30th. This represents a $1.20 annualized dividend and a yield of 3.48%.

CF Industries Holdings has raised its dividend by an average of 39.7% per year over the last three years and has raised its dividend every year for the last 4 years. CF Industries Holdings has a payout ratio of -176.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect CF Industries Holdings to earn ($0.17) per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of -705.9%.

CF Industries Holdings (CF) traded down 0.49% during trading on Wednesday, reaching $34.31. The company’s stock had a trading volume of 1,129,429 shares. CF Industries Holdings has a 1-year low of $22.00 and a 1-year high of $37.17. The stock has a 50 day moving average price of $32.71 and a 200 day moving average price of $29.52. The stock’s market capitalization is $8.00 billion.

CF Industries Holdings (NYSE:CF) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Analysts anticipate that CF Industries Holdings will post ($0.67) earnings per share for the current fiscal year.

In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the completion of the sale, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on the company. Piper Jaffray Companies set a $28.00 price objective on CF Industries Holdings and gave the company a “hold” rating in a report on Friday, October 6th. ValuEngine upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded CF Industries Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Barclays PLC dropped their price objective on CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, July 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price objective (down previously from $31.00) on shares of CF Industries Holdings in a report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.87.

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About CF Industries Holdings

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

Dividend History for CF Industries Holdings (NYSE:CF)

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