CF Industries Holdings, Inc. (CF) To Go Ex-Dividend on May 15th

CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 15th will be given a dividend of 0.50 per share by the basic materials company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th.

CF Industries has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. CF Industries has a dividend payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CF Industries to earn $9.32 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 21.5%.

CF Industries Stock Performance

NYSE CF opened at $130.25 on Wednesday. The firm has a 50-day moving average of $122.79 and a 200-day moving average of $98.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. The stock has a market cap of $20.01 billion, a PE ratio of 11.70 and a beta of 0.42. CF Industries has a 52-week low of $75.42 and a 52-week high of $141.96.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. CF Industries’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 EPS. On average, sell-side analysts anticipate that CF Industries will post 13.53 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on CF shares. Rothschild & Co Redburn set a $72.00 price target on shares of CF Industries in a research report on Wednesday, February 4th. The Goldman Sachs Group raised their price target on shares of CF Industries from $132.00 to $133.00 in a research report on Friday, May 8th. BMO Capital Markets raised their price target on shares of CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Weiss Ratings raised shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Finally, BNP Paribas Exane raised their price target on shares of CF Industries from $95.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $118.27.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.