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

Nutrien Ltd. (TSE:NTR) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Investors of record on Friday, June 28th will be paid a dividend of 0.54 per share on Friday, July 19th. This represents a $2.16 annualized dividend and a yield of 2.84%.

Nutrien Stock Performance

Nutrien stock traded up C$0.32 during mid-day trading on Wednesday, reaching C$76.14. 715,790 shares of the company were exchanged, compared to its average volume of 1,253,152. Nutrien has a twelve month low of C$64.89 and a twelve month high of C$92.48. The company has a debt-to-equity ratio of 49.86, a quick ratio of 0.65 and a current ratio of 1.17. The firm’s 50-day simple moving average is C$72.70 and its two-hundred day simple moving average is C$72.71. The firm has a market cap of C$37.66 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 0.36 and a beta of 0.97.

Nutrien (TSE:NTR) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.97 by C($0.47). The firm had revenue of C$7.71 billion for the quarter, compared to analyst estimates of C$7.10 billion. Nutrien had a return on equity of 5.02% and a net margin of 4.48%. Equities analysts predict that Nutrien will post 5.6844584 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nutrien news, Senior Officer Andrew Kelemen purchased 400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of C$71.51 per share, with a total value of C$28,604.00. In other news, Senior Officer Andrew Kelemen acquired 400 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of C$71.51 per share, for a total transaction of C$28,604.00. Also, Senior Officer Noralee Bradley acquired 500 shares of the business’s stock in a transaction on Monday, March 11th. The stock was purchased at an average price of C$71.48 per share, for a total transaction of C$35,740.00. In the last three months, insiders acquired 1,530 shares of company stock valued at $109,899. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada dropped their target price on shares of Nutrien from C$75.00 to C$70.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd.

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.