Nutrien Ltd. (NYSE:NTR) Announces $0.54 Quarterly Dividend

Nutrien Ltd. (NYSE:NTR - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.54 per share on Friday, July 19th. This represents a $2.16 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, June 28th.

Nutrien has increased its dividend payment by an average of 5.6% per year over the last three years and has increased its dividend every year for the last 4 years. Nutrien has a payout ratio of 51.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nutrien to earn $3.91 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 55.2%.

Nutrien Stock Performance

Shares of NYSE NTR traded down $0.02 during trading hours on Friday, hitting $58.15. 2,178,021 shares of the stock were exchanged, compared to its average volume of 1,975,464. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. Nutrien has a one year low of $47.90 and a one year high of $69.12. The company's 50 day moving average is $53.56 and its 200 day moving average is $53.67. The firm has a market capitalization of $28.76 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.98 and a beta of 0.88.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.35). The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The firm's quarterly revenue was down 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.02 EPS. On average, research analysts expect that Nutrien will post 3.82 EPS for the current year.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Nutrien from $88.00 to $78.00 and set a "buy" rating for the company in a report on Thursday, February 1st. Berenberg Bank raised shares of Nutrien from a "hold" rating to a "buy" rating and lifted their price target for the company from $60.00 to $66.00 in a report on Monday, April 29th. JPMorgan Chase & Co. cut shares of Nutrien from a "neutral" rating to an "underweight" rating and cut their target price for the company from $58.00 to $48.00 in a research note on Friday, February 23rd. HSBC decreased their price target on Nutrien from $63.00 to $57.00 and set a "hold" rating on the stock in a research report on Friday, March 8th. Finally, Jefferies Financial Group initiated coverage on Nutrien in a research note on Tuesday, March 26th. They issued a "buy" rating and a $62.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Nutrien presently has a consensus rating of "Moderate Buy" and an average price target of $67.45.

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.