CF Industries Holdings, Inc. (NYSE:CF) to Issue Quarterly Dividend of $0.60

CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Wednesday, July 8th. Investors of record on Friday, August 14th will be given a dividend of 0.60 per share by the basic materials company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 14th. This is a 20.0% increase from CF Industries’s previous quarterly dividend of $0.50.

CF Industries has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. CF Industries has a dividend payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CF Industries to earn $11.23 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 17.8%.

CF Industries Trading Up 1.8%

CF Industries stock opened at $116.99 on Thursday. The stock has a 50-day moving average price of $114.82 and a 200 day moving average price of $107.51. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 10.51 and a beta of 0.40. CF Industries has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group cut their price objective on shares of CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. BMO Capital Markets reduced their price objective on CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. HSBC lowered their target price on CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Finally, Bank of America lifted their price target on CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.25.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.