CF Industries Holdings, Inc. (NYSE:CF) Shares Set to Pay Quarterly Dividend of $0.60

Key Points

• CF Industries declared a quarterly dividend of $0.60 per share, payable November 30 to shareholders of record on November 16. The annualized dividend is $2.40 per share, yielding approximately 2.1%.
• The dividend appears well covered, with a current payout ratio of 38.6% and an expected forward payout ratio of 23.1%; the company has raised its dividend for three consecutive years.
• Analysts maintain a generally cautious view, with an average rating of “Hold” and a $121.11 price target. CF’s latest quarterly earnings and revenue both missed consensus estimates, despite revenue growing 17.6% year over year.

CF Industries Holdings, Inc. (NYSE:CF - Get Free Report) announced a quarterly dividend on Wednesday, October 7th. Investors of record on Monday, November 16th will be paid a dividend of $0.60 per share by the basic materials company on Monday, November 30th. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 16th.

CF Industries has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. CF Industries has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CF Industries to earn $10.37 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 23.1%.

CF Industries Price Performance

CF stock opened at $114.41 on Thursday. CF Industries has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $124.12 and a two-hundred day simple moving average of $120.82. The firm has a market capitalization of $17.31 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the firm earned $2.37 earnings per share. The business's quarterly revenue was up 17.6% on a year-over-year basis. Analysts anticipate that CF Industries will post 13.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CF has been the subject of a number of recent research reports. Royal Bank Of Canada dropped their target price on CF Industries from $125.00 to $115.00 and set a "sector perform" rating for the company in a report on Friday, July 17th. HSBC lowered their price target on CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. Canadian Imperial Bank of Commerce reissued a "neutral" rating and issued a $129.00 target price on shares of CF Industries in a research note on Friday, July 24th. The Goldman Sachs Group lowered their target price on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, CF Industries currently has an average rating of "Hold" and an average price target of $121.11.

About CF Industries

CF Industries Holdings, Inc NYSE: CF is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.

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