CF Industries Holdings, Inc. (CF) To Go Ex-Dividend on August 14th

CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Wednesday, July 8th. Investors of record on Friday, August 14th will be paid a dividend of 0.60 per share by the basic materials company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 14th. This is a 20.0% increase from CF Industries’s previous quarterly dividend of $0.50.

CF Industries has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. CF Industries has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CF Industries to earn $11.36 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 17.6%.

CF Industries Price Performance

CF opened at $114.17 on Friday. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 10.26 and a beta of 0.40. CF Industries has a 1 year low of $75.42 and a 1 year high of $141.96. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $114.66 and a 200 day moving average price of $107.76.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CF shares. Mizuho lifted their price target on CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a report on Tuesday, March 31st. The Goldman Sachs Group cut their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce lifted their target price on shares of CF Industries from $118.00 to $128.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Barclays boosted their target price on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada increased their price target on shares of CF Industries from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, CF Industries currently has a consensus rating of “Hold” and a consensus target price of $117.25.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.