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

CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Wednesday, October 2nd, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.50 per share by the basic materials company on Friday, November 29th. This represents a $2.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, November 15th.

CF Industries has increased its dividend payment by an average of 10.1% per year over the last three years. CF Industries has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CF Industries to earn $5.58 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 35.8%.

CF Industries Trading Up 0.6 %

CF traded up $0.55 during trading on Friday, reaching $89.84. 99,510 shares of the company’s stock were exchanged, compared to its average volume of 2,135,237. The company’s fifty day moving average price is $80.29 and its 200-day moving average price is $78.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The firm has a market capitalization of $16.42 billion, a PE ratio of 14.83, a P/E/G ratio of 2.38 and a beta of 0.95. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $90.25.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company earned $2.70 EPS. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, equities analysts forecast that CF Industries will post 5.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CF shares. Royal Bank of Canada increased their price objective on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Wells Fargo & Company increased their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Scotiabank lifted their price target on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $90.00 in a research note on Friday, August 16th. Finally, BMO Capital Markets raised their price target on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.73.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.