Nutrien Ltd. (NYSE:NTR) Announces Quarterly Dividend of $0.55

Nutrien Ltd. (NYSE:NTR) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.55 per share on Friday, July 17th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th.

Nutrien has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Nutrien has a dividend payout ratio of 53.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Nutrien to earn $4.72 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 46.6%.

Nutrien Stock Down 6.5%

NTR traded down $4.78 during midday trading on Thursday, hitting $69.03. The company had a trading volume of 615,245 shares, compared to its average volume of 3,460,958. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $75.01 and its 200 day moving average price is $66.88. The company has a market capitalization of $33.19 billion, a price-to-earnings ratio of 14.88 and a beta of 0.64. Nutrien has a 52 week low of $53.03 and a 52 week high of $85.36.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. On average, research analysts anticipate that Nutrien will post 4.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its stake in Nutrien by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after acquiring an additional 145 shares during the last quarter. Minot DeBlois Advisors LLC boosted its stake in Nutrien by 1.8% in the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock valued at $557,000 after acquiring an additional 164 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in Nutrien by 15.9% in the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after acquiring an additional 164 shares during the last quarter. Gould Asset Management LLC CA boosted its stake in Nutrien by 4.4% in the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock valued at $297,000 after acquiring an additional 165 shares during the last quarter. Finally, Smith Moore & CO. boosted its stake in Nutrien by 2.2% in the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after acquiring an additional 168 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

About Nutrien

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.