CF Industries Holdings, Inc. (NYSE:CF) Shares to Pay Quarterly Dividend of $0.60

CF Industries Holdings, Inc. (NYSE:CF) declared a quarterly dividend on Wednesday, October 7th. Shareholders of record on Monday, November 16th will be given a dividend of $0.60 per share by the basic materials company on Monday, November 30th. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 16th.

CF Industries has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. CF Industries has a payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CF Industries to earn $10.37 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 23.1%.

CF Industries Trading Down 1.4%

CF opened at $114.41 on Thursday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $124.12 and its two-hundred day moving average is $120.82. The company has a market capitalization of $17.31 billion, a P/E ratio of 8.48, a PEG ratio of 0.23 and a beta of 0.53. CF Industries has a 52 week low of $75.42 and a 52 week high of $141.96.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The firm 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 quarter in the prior year, the company posted $2.37 earnings per share. Analysts forecast that CF Industries will post 13.9 earnings per share for the current year.

CF Industries Company Profile

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.