Nutrien Ltd. (NTR) to Distribute Quarterly Dividend of $0.55 on July 17th

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.55 per share on Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Nutrien has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Nutrien has a payout ratio of 53.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nutrien to earn $4.99 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 44.1%.

Nutrien Stock Up 0.2%

Shares of NTR opened at $61.09 on Friday. The company’s fifty day moving average is $68.98 and its two-hundred day moving average is $69.46. Nutrien has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm has a market cap of $29.28 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.56 and a beta of 0.60.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.Nutrien’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. Analysts forecast that Nutrien will post 5.45 earnings per share for the current year.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.