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

Key Points

• Nutrien Ltd. has announced a quarterly dividend of $0.55 per share, with an ex-dividend date of September 29th and payment scheduled for October 17th, providing a dividend yield of 3.9%.
• The company reported earnings per share (EPS) of $2.65 for the last quarter, surpassing analysts' expectations of $2.41, although its revenue fell slightly short of projections at $10.30 billion.
• Nutrien's current dividend payout ratio is 53.0%, indicating that its dividends are well-covered by its earnings.

Nutrien Ltd. (NYSE:NTR - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, September 29th will be given a dividend of 0.545 per share on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, September 29th.

Nutrien has a dividend payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings.

Nutrien Price Performance

NYSE:NTR traded down $0.01 during midday trading on Friday, hitting $55.70. The company had a trading volume of 3,801,084 shares, compared to its average volume of 2,290,502. The stock's fifty day moving average price is $59.98 and its 200-day moving average price is $55.33. Nutrien has a 52-week low of $43.69 and a 52-week high of $65.08. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $27.12 billion, a PE ratio of 19.96, a P/E/G ratio of 1.06 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. Nutrien had a return on equity of 6.55% and a net margin of 5.25%. Nutrien's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.34 EPS. As a group, research analysts expect that Nutrien will post 3.72 earnings per share for the current year.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.

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