CF Industries Holdings, Inc. (NYSE:CF) Declares Quarterly Dividend of $0.40

CF Industries Holdings, Inc. (NYSE:CFGet Rating) announced a quarterly dividend on Wednesday, April 27th, RTT News reports. Stockholders of record on Monday, May 16th will be paid a dividend of 0.40 per share by the basic materials company on Tuesday, May 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from CF Industries’s previous quarterly dividend of $0.30.

CF Industries has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CF Industries to earn $10.83 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 11.1%.

Shares of CF stock opened at $97.11 on Thursday. The firm has a market cap of $20.31 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.00 and a beta of 1.03. CF Industries has a fifty-two week low of $43.19 and a fifty-two week high of $113.49. The business’s 50 day moving average price is $96.27 and its 200-day moving average price is $76.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.53 and a current ratio of 1.81.

CF Industries (NYSE:CFGet Rating) last released its earnings results on Tuesday, February 15th. The basic materials company reported $3.71 EPS for the quarter, beating the Zacks’ consensus estimate of $3.41 by $0.30. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.59 billion. CF Industries had a return on equity of 24.09% and a net margin of 14.03%. During the same quarter last year, the business posted $0.40 EPS. As a group, equities analysts predict that CF Industries will post 16.58 EPS for the current year.

A number of research analysts have recently commented on the company. StockNews.com assumed coverage on CF Industries in a research note on Thursday, March 31st. They issued a “buy” rating for the company. JPMorgan Chase & Co. cut CF Industries from an “overweight” rating to a “neutral” rating and raised their target price for the company from $70.00 to $75.00 in a research note on Thursday, February 17th. Piper Sandler raised their target price on CF Industries from $88.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. Stifel Nicolaus raised their target price on CF Industries from $68.00 to $78.00 and gave the company a “hold” rating in a research note on Tuesday, March 1st. Finally, Zacks Investment Research cut CF Industries from a “buy” rating to a “hold” rating and set a $78.00 price objective for the company. in a research note on Wednesday, February 2nd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $90.53.

In related news, VP Ashraf K. Malik sold 5,033 shares of CF Industries stock in a transaction on Friday, March 11th. The stock was sold at an average price of $97.32, for a total value of $489,811.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard A. Hoker sold 4,085 shares of CF Industries stock in a transaction on Monday, March 14th. The stock was sold at an average price of $93.93, for a total value of $383,704.05. The disclosure for this sale can be found here. In the last three months, insiders sold 1,360,353 shares of company stock valued at $109,647,792. Corporate insiders own 0.42% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. MML Investors Services LLC grew its holdings in shares of CF Industries by 6.1% in the fourth quarter. MML Investors Services LLC now owns 5,247 shares of the basic materials company’s stock worth $371,000 after acquiring an additional 303 shares during the period. Harbour Investments Inc. grew its holdings in shares of CF Industries by 685.7% in the fourth quarter. Harbour Investments Inc. now owns 550 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 480 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of CF Industries by 4.2% in the fourth quarter. Glenmede Trust Co. NA now owns 14,698 shares of the basic materials company’s stock worth $1,039,000 after acquiring an additional 591 shares during the period. Tobam bought a new stake in shares of CF Industries in the fourth quarter worth $43,000. Finally, LPL Financial LLC grew its holdings in shares of CF Industries by 4.5% in the fourth quarter. LPL Financial LLC now owns 37,185 shares of the basic materials company’s stock worth $2,632,000 after acquiring an additional 1,611 shares during the period. 91.66% of the stock is owned by institutional investors.

About CF Industries (Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

See Also

Dividend History for CF Industries (NYSE:CF)

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