Nutrien Ltd. (TSE:NTR) Plans Quarterly Dividend of $0.54

Nutrien Ltd. (TSE:NTR) announced a quarterly dividend on Wednesday, November 6th, RTT News reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.54 per share on Friday, January 17th. This represents a $2.16 dividend on an annualized basis and a yield of 3.13%.

Nutrien Price Performance

Shares of NTR traded down C$0.99 during midday trading on Wednesday, hitting C$69.05. 917,970 shares of the company traded hands, compared to its average volume of 1,542,847. The stock has a market cap of C$34.16 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 1.15 and a beta of 0.95. The firm has a 50 day moving average of C$65.27 and a 200-day moving average of C$69.46. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14.

Nutrien (TSE:NTR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$3.18 EPS for the quarter, beating analysts’ consensus estimates of C$2.87 by C$0.31. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. The company had revenue of C$13.90 billion during the quarter, compared to analyst estimates of C$14.92 billion. On average, analysts forecast that Nutrien will post 5.3416399 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nutrien news, Senior Officer Mark Thompson bought 630 shares of Nutrien stock in a transaction on Friday, August 9th. The shares were acquired at an average price of C$62.61 per share, for a total transaction of C$39,444.30. In other Nutrien news, Senior Officer Mark Thompson bought 630 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of C$62.61 per share, with a total value of C$39,444.30. Also, Director Keith Martell acquired 1,250 shares of Nutrien stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of C$65.23 per share, with a total value of C$81,537.50. Insiders bought a total of 12,710 shares of company stock valued at $814,824 over the last 90 days. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Hsbc Global Res raised shares of Nutrien to a “moderate sell” rating in a report on Friday, August 2nd. Mizuho raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. UBS Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. The Goldman Sachs Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$64.50.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.