Nutrien Ltd. (NTR) to Distribute Quarterly Dividend of $0.55 on January 15th

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, December 31st will be given a dividend of $0.55 per share on Friday, January 15th. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, December 31st.

Nutrien has decreased its dividend by an average of 0.1% per year over the last three years and has increased 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. Analysts expect Nutrien to earn $4.45 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 49.4%.

Nutrien Trading Up 0.2%

NTR opened at $72.25 on Friday. Nutrien has a twelve month low of $54.29 and a twelve month high of $85.36. The company has a 50-day simple moving average of $72.89 and a 200 day simple moving average of $71.09. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $34.34 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 0.80 and a beta of 0.67.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, November 4th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.13). The firm had revenue of $5.69 billion during the quarter, compared to analyst estimates of $5.66 billion. Nutrien had a net margin of 7.78% and a return on equity of 8.02%. Nutrien’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Analysts predict that Nutrien will post 4.53 EPS for the current fiscal year.

Trending Headlines about Nutrien

Here are the key news stories impacting Nutrien this week:

• Positive Sentiment: Nutrien reported strong potash demand, a supportive signal for its largest nutrient business. Reuters report on potash and nitrogen demand
• Positive Sentiment: The board declared a quarterly dividend of US$0.55 per share, equivalent to US$2.20 annually and about a 3.1% yield, providing continued cash returns to shareholders. Nutrien dividend announcement
• Neutral Sentiment: Nutrien said it will not sell its phosphate division, citing the Middle East war. The decision preserves the business but leaves investors with uncertainty around the division’s outlook and the company’s portfolio plans. Globe and Mail report on the phosphate division
• Negative Sentiment: Third-quarter adjusted EPS was $0.61, below the $0.74 consensus and down from $0.97 a year earlier. Net earnings fell 39% year over year. Revenue was slightly above estimates, but the profit decline is the more concerning signal. Reuters report on third-quarter results
• Negative Sentiment: High sulfur costs and weakness in phosphate contributed to the earnings pressure; Nutrien also plans to close a Florida plant. Nitrogen demand is facing headwinds from elevated fertilizer prices. Report on costs and the Florida plant closure

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