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

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.55 per share on Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th.

Nutrien has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Nutrien has a dividend payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nutrien to earn $4.72 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 46.6%.

Nutrien Stock Down 5.3%

NTR opened at $69.87 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34. The business has a 50 day moving average price of $75.01 and a 200 day moving average price of $66.88. The firm has a market cap of $33.59 billion, a P/E ratio of 14.95 and a beta of 0.64. Nutrien has a twelve month low of $53.03 and a twelve month high of $85.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. Research analysts forecast that Nutrien will post 4.95 EPS for the current year.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.