CF Industries Holdings, Inc. (CF) To Go Ex-Dividend on November 15th

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 given a dividend of 0.50 per share by the basic materials company on Friday, November 29th. This represents a $2.00 dividend on an annualized basis and a yield of 2.37%. 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% meaning its dividend is sufficiently covered by earnings. 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 Down 1.0 %

CF Industries stock opened at $84.23 on Wednesday. CF Industries has a 52-week low of $69.13 and a 52-week high of $90.86. The company has a market cap of $14.66 billion, a P/E ratio of 13.33, a P/E/G ratio of 2.24 and a beta of 0.97. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $83.72 and a two-hundred day simple moving average of $78.71.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. Analysts predict that CF Industries will post 6.32 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CF. Redburn Atlantic started coverage on CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Wells Fargo & Company boosted their price objective on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Bank of America cut shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 16th. Piper Sandler increased their price objective on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada lifted their target price 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $88.42.

Insiders Place Their Bets

In related 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 sale, the vice president now owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

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.