Nutrien Ltd. to Issue Quarterly Dividend of $0.40 (NTR)
Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Tuesday, February 20th, Zacks reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.40 per share on Friday, April 20th. This represents a $1.60 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, March 28th.
Shares of Nutrien (NYSE NTR) traded down $0.06 during mid-day trading on Friday, reaching $47.27. 773,083 shares of the company’s stock traded hands, compared to its average volume of 2,021,987. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $31,301.58, a price-to-earnings ratio of 34.40, a PEG ratio of 1.90 and a beta of 0.46. Nutrien has a one year low of $40.41 and a one year high of $56.18.
Several research analysts have weighed in on the stock. TD Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Nutrien in a research note on Tuesday, January 9th. Goldman Sachs assumed coverage on shares of Nutrien in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 target price for the company. Morgan Stanley assumed coverage on shares of Nutrien in a research note on Friday, January 26th. They set an “equal weight” rating and a $55.00 target price for the company. Zacks Investment Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, HSBC assumed coverage on shares of Nutrien in a research note on Thursday, January 11th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Nutrien currently has a consensus rating of “Buy” and a consensus price target of $58.50.
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Nutrien Ltd. produces and distributes potash, nitrogen, and phosphate products for agricultural, industrial, and feed customers worldwide. It offers potash crop feed, fertilizer, industrial, metal finishing, and purified acid products, as well as blends. The company is also involved in the retail operations that serve growers in seven countries across three continents.
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