Nutrien Ltd. (TSE:NTR) to Issue Dividend Increase – $0.55 Per Share

Nutrien Ltd. (TSE:NTR) announced 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 annualized dividend and a yield of 2.90%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54.

Nutrien Trading Up 0.9 %

Shares of NTR opened at C$75.30 on Friday. 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 52-week low of C$60.74 and a 52-week high of C$83.14. The firm has a market cap of C$25.92 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.15 and a beta of 0.95. The business’s fifty day moving average is C$70.79 and its 200-day moving average is C$67.49.

Insider Activity

In other news, Director Kenneth Alvin Seitz acquired 10,490 shares of Nutrien stock in a transaction dated Tuesday, December 24th. The shares were bought 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.

Analysts Set New Price Targets

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

About Nutrien

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.