Nutrien Ltd. (NTR) to Distribute Quarterly Dividend of $0.55 on April 10th

Nutrien Ltd. (TSE:NTR) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.545 per share on Thursday, April 10th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Nutrien’s previous quarterly dividend of $0.54.

Nutrien Price Performance

Shares of TSE NTR opened at C$75.30 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The business’s 50 day moving average price is C$70.79 and its two-hundred day moving average price is C$67.49. The company has a market cap of C$25.92 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$83.14.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

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.