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

Key Points

• Nutrien declared a quarterly dividend of $0.55 per share, payable October 16 to shareholders of record September 29. The annualized dividend is $2.20, representing a 3.3% yield.
• The dividend appears adequately covered, with a current payout ratio of 53.5% and an expected forward payout ratio of 46.9%; Nutrien has raised its dividend for seven consecutive years.
• Nutrien’s latest quarterly EPS of $2.61 missed analysts’ $2.70 estimate, although revenue rose 3.6% year over year to $10.81 billion and exceeded expectations.

Nutrien Ltd. (NYSE:NTR - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.55 per share on Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 29th.

Nutrien has decreased its dividend payment by an average of 0.1%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 53.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nutrien to earn $4.69 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 46.9%.

Nutrien Price Performance

NTR traded down $0.72 during trading on Thursday, reaching $66.20. The company's stock had a trading volume of 1,633,620 shares, compared to its average volume of 3,180,965. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $66.21 and a two-hundred day simple moving average of $70.47. Nutrien has a 1 year low of $53.03 and a 1 year high of $85.36. The company has a market cap of $31.67 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.67 and a beta of 0.61.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.70 by ($0.09). Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $10.81 billion during the quarter, compared to analysts' expectations of $10.44 billion. During the same quarter last year, the company earned $2.65 earnings per share. Nutrien's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts anticipate that Nutrien will post 5.01 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its position in shares of Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company's stock valued at $1,008,713,000 after purchasing an additional 13,313,817 shares during the last quarter. Norges Bank acquired a new position in shares of Nutrien during the 4th quarter worth about $412,635,000. TD Asset Management Inc increased its holdings in shares of Nutrien by 21.2% in the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company's stock valued at $551,821,000 after acquiring an additional 1,559,673 shares during the last quarter. DJE Kapital AG lifted its stake in Nutrien by 1,373.6% during the first quarter. DJE Kapital AG now owns 1,534,869 shares of the company's stock worth $116,111,000 after purchasing an additional 1,430,708 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Nutrien in the second quarter valued at approximately $86,846,000. Institutional investors and hedge funds own 63.10% of the company's stock.

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.

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