CF Industries Holdings, Inc. (NYSE:CF) Declares $0.50 Quarterly Dividend

CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Wednesday, October 2nd,Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.50 per share by the basic materials company on Friday, November 29th. This represents a $2.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, November 15th.

CF Industries has raised its dividend by an average of 10.1% per year over the last three years. CF Industries has a dividend payout ratio of 33.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CF Industries to earn $5.93 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 33.7%.

CF Industries Trading Up 1.2 %

Shares of CF Industries stock opened at $85.21 on Thursday. The firm has a market capitalization of $14.83 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.22 and a beta of 0.97. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $83.82 and its 200 day moving average is $78.75. CF Industries has a 1 year low of $69.13 and a 1 year high of $90.86.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts forecast that CF Industries will post 6.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

CF has been the topic of a number of research reports. Redburn Atlantic initiated coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price on the stock. Barclays upped their price objective on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Piper Sandler upped their price objective on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Mizuho upped their price objective on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average price target of $88.42.

Insider Activity at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.