Nutrien Ltd (NYSE:NTR) announced a quarterly dividend on Monday, May 13th, Wall Street Journal reports. Investors of record on Friday, June 28th will be paid a dividend of 0.43 per share on Thursday, July 18th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.18%. 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 $3.44 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 50.0%.

Shares of NTR stock opened at $54.11 on Wednesday. The stock has a market cap of $31.83 billion, a PE ratio of 20.12, a P/E/G ratio of 2.32 and a beta of 0.84. The company’s 50 day simple moving average is $51.17. Nutrien has a 12 month low of $43.96 and a 12 month high of $58.99.

Nutrien (NYSE:NTR) last announced its quarterly 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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Nutrien had a net margin of 18.41% and a return on equity of 12.95%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, equities research analysts forecast that Nutrien will post 2.95 EPS for the current fiscal year.

A number of brokerages recently commented on NTR. Raymond James set a $70.00 price target on shares of Nutrien and gave the company a “strong-buy” rating in a research note on Thursday, May 30th. Cowen reissued an “outperform” rating and issued a $63.00 price target (down previously from $66.00) on shares of Nutrien in a report on Tuesday, April 23rd. Finally, Zacks Investment Research raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $61.50.

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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