CF Industries Holdings, Inc. (NYSE:CF) to Issue Quarterly Dividend of $0.50

Key Points

• CF Industries Holdings, Inc. announced a quarterly dividend of $0.50 per share, payable on November 28th to stockholders of record as of November 14th, representing an annualized dividend yield of 2.3%.
• The company's dividend payout ratio is 32.2%, suggesting that the earnings adequately cover the dividend; analysts expect the company to earn $5.86 per share next year.
• CF Industries' stock price decreased by 3.6%, with shares trading at $86.47, still reflecting a significant increase from its 1-year low of $67.34 and a high of $104.45.

CF Industries Holdings, Inc. (NYSE:CF - Get Free Report) announced a quarterly dividend on Wednesday, October 1st, RTT News reports. Stockholders 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 dividend yield of 2.3%.

CF Industries has a dividend payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. 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 Down 3.6%

Shares of CF traded down $3.23 during trading hours on Wednesday, hitting $86.47. The stock had a trading volume of 2,308,136 shares, compared to its average volume of 2,809,940. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The firm has a 50 day simple moving average of $87.33 and a 200-day simple moving average of $86.23. The firm has a market capitalization of $14.01 billion, a P/E ratio of 11.29 and a beta of 0.93. CF Industries has a 1-year low of $67.34 and a 1-year high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.35 by $0.02. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the business posted $2.30 EPS. Sell-side analysts predict that CF Industries will post 5.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CF Industries

Hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in CF Industries by 8,352.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company's stock valued at $113,422,000 after acquiring an additional 1,434,168 shares during the period. Norges Bank bought a new stake in CF Industries during the 2nd quarter valued at $129,574,000. Worldquant Millennium Advisors LLC bought a new stake in CF Industries during the 2nd quarter valued at $96,560,000. Arrowstreet Capital Limited Partnership raised its holdings in CF Industries by 926.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company's stock valued at $102,897,000 after acquiring an additional 1,009,455 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in CF Industries by 72.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock valued at $178,053,000 after acquiring an additional 959,901 shares during the period. Institutional investors own 93.06% of the company's stock.

CF Industries Company Profile

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.

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