Nutrien Ltd to Issue Quarterly Dividend of $0.43 (NTR)

Nutrien Ltd (NYSE:NTR) declared a quarterly dividend on Monday, May 13th, Wall Street Journal reports. Investors of record on Friday, June 28th will be given a dividend of 0.43 per share on Thursday, July 18th. This represents a $1.72 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, June 27th.

Nutrien has a payout ratio of 67.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nutrien to earn $3.42 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 50.3%.

NTR opened at $50.09 on Tuesday. The firm has a market capitalization of $30.09 billion, a P/E ratio of 18.62, a PEG ratio of 2.11 and a beta of 0.79. Nutrien has a 52 week low of $43.96 and a 52 week high of $58.99.

Nutrien (NYSE:NTR) last released its earnings results on Thursday, May 9th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.71 billion. Nutrien had a net margin of 18.41% and a return on equity of 12.95%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. On average, equities analysts forecast that Nutrien will post 2.99 EPS for the current year.

A number of research firms recently commented on NTR. Cowen restated an “outperform” rating and set a $66.00 price target (down from $70.00) on shares of Nutrien in a research report on Wednesday, March 6th. Raymond James restated a “strong-buy” rating and set a $70.00 price target on shares of Nutrien in a research report on Thursday, March 14th. Zacks Investment Research upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Barclays restated a “buy” rating on shares of Nutrien in a research report on Sunday, February 10th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Nutrien has an average rating of “Buy” and a consensus price target of $61.50.

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Nutrien Company Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Dividend History for Nutrien (NYSE:NTR)

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