Nutrien Ltd. (NTR) To Go Ex-Dividend on June 28th

Nutrien Ltd. (NYSE:NTR) announced a quarterly dividend on Wednesday, May 8th, Zacks 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 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Friday, June 28th.

Nutrien has raised its dividend payment by an average of 5.6% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Nutrien has a payout ratio of 52.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nutrien to earn $4.00 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 54.0%.

Nutrien Stock Down 1.0 %

NTR opened at $52.13 on Wednesday. The company has a market capitalization of $25.79 billion, a P/E ratio of 30.49, a P/E/G ratio of 1.69 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53. The firm’s fifty day moving average price is $54.93 and its two-hundred day moving average price is $53.77. Nutrien has a fifty-two week low of $47.90 and a fifty-two week high of $69.12.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. On average, analysts anticipate that Nutrien will post 3.89 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NTR. Wolfe Research assumed coverage on Nutrien in a report on Friday, March 1st. They issued an “outperform” rating and a $66.00 target price on the stock. HSBC decreased their price objective on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a report on Friday, March 8th. Jefferies Financial Group started coverage on shares of Nutrien in a report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price target for the company. Mizuho upped their price objective on Nutrien from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, May 17th. Finally, Scotiabank lowered their target price on Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.28.

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.