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

Key Points

• Nutrien Ltd. has announced a quarterly dividend of $0.55 per share, with stockholders of record to be paid on October 17th.
• The company's stock recently traded down to C$79.73, with a market capitalization of C$27.45 billion and a P/E ratio of 37.54.
• Insider trading activity includes senior officer Christopher Reynolds selling nearly 6,858 shares and director Kenneth Alvin Seitz selling 29,326 shares earlier this year.

Nutrien Ltd. (TSE:NTR - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News 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) dividend on an annualized basis and a dividend yield of 2.8%.

Nutrien Stock Performance

Shares of TSE NTR traded up C$0.07 during mid-day trading on Friday, reaching C$76.63. 1,330,787 shares of the company's stock were exchanged, compared to its average volume of 1,675,026. The firm has a market capitalization of C$26.38 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$88.03. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The firm has a 50-day moving average price of C$82.00 and a two-hundred day moving average price of C$77.33.

Analyst Ratings Changes

A number of research analysts have weighed in on NTR shares. Scotiabank lowered Nutrien from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Raymond James Financial lowered Nutrien from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold".

Nutrien Company Profile

Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.