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

Nutrien Ltd. (TSE:NTRGet 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:NTRGet 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.

Further Reading

Dividend History for Nutrien (TSE:NTR)

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