CF Industries Holdings, Inc. (CF) To Go Ex-Dividend on November 16th

CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Wednesday, October 7th. Investors of record on Monday, November 16th will be paid a dividend of $0.60 per share by the basic materials company on Monday, November 30th. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, November 16th.

CF Industries has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. CF Industries has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CF Industries to earn $10.37 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 23.1%.

CF Industries Trading Down 0.8%

Shares of NYSE CF opened at $113.47 on Friday. The stock’s 50 day moving average price is $123.88 and its two-hundred day moving average price is $120.74. CF Industries has a 52-week low of $75.42 and a 52-week high of $141.96. The stock has a market capitalization of $17.17 billion, a P/E ratio of 8.41, a PEG ratio of 0.22 and a beta of 0.53. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 EPS. On average, analysts anticipate that CF Industries will post 13.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CF. BMO Capital Markets reduced their price objective on CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. KeyCorp began coverage on shares of CF Industries in a research note on Thursday, September 10th. They set an “underweight” rating and a $115.00 target price for the company. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Scotiabank raised their price target on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, UBS Group lifted their price target on shares of CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $121.11.

CF Industries Company Profile

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.