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

Nutrien Ltd. (TSE:NTR) declared a quarterly dividend on Wednesday, November 6th,RTT News reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.54 per share on Friday, January 17th. This represents a $2.16 annualized dividend and a yield of 3.18%.

Nutrien Stock Performance

TSE:NTR opened at C$67.84 on Friday. The company has a market capitalization of C$33.56 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.15 and a beta of 0.95. The business has a fifty day simple moving average of C$65.36 and a two-hundred day simple moving average of C$69.46. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65. Nutrien has a 1 year low of C$60.74 and a 1 year high of C$83.14.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$3.18 earnings per share for the quarter, topping the consensus estimate of C$2.87 by C$0.31. The company had revenue of C$13.90 billion during the quarter, compared to analyst estimates of C$14.92 billion. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. On average, analysts expect that Nutrien will post 5.3416399 earnings per share for the current year.

Insider Transactions at Nutrien

In other Nutrien news, Senior Officer Mark Thompson purchased 3,155 shares of the stock in a transaction on Wednesday, September 25th. The shares were purchased at an average price of C$63.79 per share, with a total value of C$201,257.45. In other news, Director Keith Martell purchased 1,250 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson acquired 3,155 shares of Nutrien stock in a transaction dated Wednesday, September 25th. The shares were purchased at an average price of C$63.79 per share, for a total transaction of C$201,257.45. Over the last quarter, insiders have bought 12,080 shares of company stock valued at $775,379. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NTR. Mizuho upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. The Goldman Sachs Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. UBS Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Hsbc Global Res upgraded Nutrien to a “moderate sell” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$64.50.

About Nutrien

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.