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

Nutrien Ltd. (NYSE:NTR) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.545 per share on Thursday, April 10th. This represents a $2.18 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Monday, March 31st.

Nutrien has raised its dividend by an average of 5.5% annually over the last three years. Nutrien has a payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings.

Nutrien Stock Performance

Shares of NYSE NTR opened at $50.13 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien has a one year low of $43.70 and a one year high of $60.87. The business’s 50-day moving average price is $51.59 and its two-hundred day moving average price is $48.97. The company has a market capitalization of $24.52 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Analysts anticipate that Nutrien will post 3.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NTR has been the topic of a number of recent research reports. The Goldman Sachs Group began coverage on shares of Nutrien in a report on Thursday, March 13th. They set a “sell” rating and a $53.00 price target on the stock. Wells Fargo & Company raised their target price on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Piper Sandler boosted their price target on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $50.00 in a report on Monday, January 13th. Finally, Oppenheimer initiated coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.00.

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.