Nutrien Ltd. (TSE:NTR) Increases Dividend to $0.55 Per Share

Nutrien Ltd. (TSE:NTR) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.545 per share on Thursday, April 10th. This represents a $2.18 annualized dividend and a dividend yield of 2.92%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54.

Nutrien Stock Up 1.9 %

Shares of NTR traded up C$1.36 during mid-day trading on Wednesday, reaching C$74.60. The company’s stock had a trading volume of 1,517,863 shares, compared to its average volume of 1,502,908. The company has a market cap of C$25.68 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The business has a fifty day moving average of C$70.53 and a 200 day moving average of C$67.41. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. Nutrien has a 1 year low of C$60.74 and a 1 year high of C$83.14.

Insider Buying and Selling at Nutrien

In related news, Director Kenneth Alvin Seitz purchased 10,490 shares of the stock in a transaction on Tuesday, December 24th. The shares were bought at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NTR. Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Barclays lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$64.50.

Nutrien Company Profile

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.