Nutrien Ltd. (TSE:NTR) Declares $0.48 Quarterly Dividend

Nutrien Ltd. (TSE:NTR – Get Rating) announced a quarterly dividend on Wednesday, May 18th, RTT News reports. Stockholders of record on Thursday, June 30th will be paid a dividend of 0.48 per share on Friday, July 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.47%.

Shares of Nutrien stock traded down C$2.83 on Wednesday, reaching C$130.72. 845,480 shares of the stock were exchanged, compared to its average volume of 1,772,420. Nutrien has a 1-year low of C$71.31 and a 1-year high of C$147.93. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 45.77. The business has a fifty day moving average price of C$130.89 and a two-hundred day moving average price of C$106.10. The firm has a market capitalization of C$72.07 billion and a PE ratio of 18.62.

Nutrien (TSE:NTR – Get Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported C$3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$3.27 by C$0.15. The firm had revenue of C$9.70 billion for the quarter, compared to analyst estimates of C$9.86 billion. Research analysts expect that Nutrien will post 17.6700002 EPS for the current year.

A number of research analysts have recently issued reports on NTR shares. Raymond James reiterated a “buy” rating and set a C$121.00 price target on shares of Nutrien in a research note on Friday, February 18th. Citigroup boosted their price target on shares of Nutrien to C$158.00 and gave the stock a “buy” rating in a research note on Tuesday, March 22nd. TD Securities boosted their price target on shares of Nutrien from C$83.00 to C$88.00 and gave the stock a “buy” rating in a research note on Tuesday, February 15th. assumed coverage on shares of Nutrien in a research report on Thursday, April 14th. They set a “buy” rating on the stock. Finally, Atlantic Securities upgraded shares of Nutrien to a “hold” rating and set a C$79.00 target price on the stock in a research report on Friday, February 18th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$98.83.

Nutrien Company Profile (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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