CF Industries Holdings, Inc. (CF) to Distribute Quarterly Dividend of $0.60 on August 31st

CF Industries Holdings, Inc. (NYSE:CF) declared a quarterly dividend on Wednesday, July 8th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.60 per share by the basic materials company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a 20.0% increase from CF Industries’s previous quarterly dividend of $0.50.

CF Industries has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. CF Industries has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CF Industries to earn $10.97 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 21.9%.

CF Industries Trading Down 3.0%

Shares of CF Industries stock opened at $117.78 on Wednesday. The firm has a market cap of $17.82 billion, a PE ratio of 8.73 and a beta of 0.39. CF Industries has a 1 year low of $75.42 and a 1 year high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. The stock has a fifty day moving average price of $114.46 and a 200-day moving average price of $114.21.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.CF Industries’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $2.37 earnings per share. Equities research analysts anticipate that CF Industries will post 15.53 EPS for the current year.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.