Nutrien Ltd. (TSE:NTR) Announces Quarterly Dividend of $0.55

Nutrien Ltd. (TSE:NTR) announced a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Friday, July 17th will be given a dividend of 0.55 per share on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, June 30th.

Nutrien Price Performance

TSE NTR opened at C$86.55 on Friday. The company has a debt-to-equity ratio of 55.44, a quick ratio of 0.65 and a current ratio of 1.24. The stock has a market cap of C$41.55 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.15 and a beta of 0.75. The business has a 50 day simple moving average of C$95.37 and a 200 day simple moving average of C$95.65. Nutrien has a 52-week low of C$74.77 and a 52-week high of C$116.95.

Nutrien (TSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. The business had revenue of C$8.41 billion for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%. Analysts anticipate that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NTR. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Raymond James Financial upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. Berenberg Bank cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. UBS Group downgraded Nutrien from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. Finally, Wells Fargo & Company raised Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$80.00.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.