Nutrien Ltd. (NYSE:NTR) Announces Dividend Increase – $0.55 Per Share

Nutrien Ltd. (NYSE:NTR) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.55 per share on Thursday, April 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 0.9% increase from Nutrien’s previous quarterly dividend of $0.55.

Nutrien has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Nutrien has a dividend payout ratio of 53.0% meaning its dividend is sufficiently covered by earnings.

Nutrien Price Performance

Shares of NTR traded up $1.83 during trading hours on Thursday, hitting $72.11. 851,001 shares of the company were exchanged, compared to its average volume of 2,916,974. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39. Nutrien has a fifty-two week low of $45.78 and a fifty-two week high of $73.55. The company has a market cap of $34.72 billion, a price-to-earnings ratio of 19.39 and a beta of 0.73. The firm’s fifty day moving average is $65.84 and its 200 day moving average is $60.49.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. On average, equities analysts anticipate that Nutrien will post 3.72 earnings per share for the current fiscal 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.