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

Nutrien Ltd. (TSE:NTR) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.92%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54.

Nutrien Price Performance

Shares of TSE NTR opened at C$74.60 on Thursday. The stock has a market cap of C$25.68 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14. The firm’s 50-day simple moving average is C$70.64 and its 200 day simple moving average is C$67.45.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Kenneth Alvin Seitz bought 10,490 shares of Nutrien stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average cost of C$64.04 per share, with a total value of C$671,779.60. 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.