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

Nutrien Ltd. (TSE:NTR) announced a quarterly dividend on Wednesday, May 8th, RTT News 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 2.84%.

Nutrien Stock Performance

Shares of NTR opened at C$76.14 on Thursday. The company has a debt-to-equity ratio of 49.86, a current ratio of 1.17 and a quick ratio of 0.65. Nutrien has a one year low of C$64.89 and a one year high of C$92.48. The company has a 50-day simple moving average of C$72.70 and a two-hundred day simple moving average of C$72.71. The firm has a market capitalization of C$37.66 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 0.36 and a beta of 0.97.

Nutrien (TSE:NTR) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.50 EPS for the quarter, missing the consensus estimate of C$0.97 by C($0.47). Nutrien had a return on equity of 5.02% and a net margin of 4.48%. The company had revenue of C$7.71 billion during the quarter, compared to analysts’ expectations of C$7.10 billion. On average, analysts anticipate that Nutrien will post 5.6844584 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their target price on shares of Nutrien from C$75.00 to C$70.00 and set an “outperform” rating for the company in a report on Friday, February 23rd.

Insider Activity

In related news, Senior Officer Andrew Kelemen acquired 400 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of C$71.51 per share, for a total transaction of C$28,604.00. In other news, Director Robert Kirkpatrick sold 7,317 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$53.14, for a total value of C$388,825.38. Following the transaction, the director now directly owns 566 shares in the company, valued at C$30,077.24. Also, Senior Officer Andrew Kelemen bought 400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average cost of C$71.51 per share, for a total transaction of C$28,604.00. Insiders have purchased a total of 1,530 shares of company stock valued at $109,899 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Nutrien Company Profile

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.