Rentech Nitrogen Par (RNF) Plans Quarterly Dividend of $0.05
Rentech Nitrogen Par (NYSE:RNF) declared a quarterly dividend on Thursday, February 13th, AnalystRatingsNetwork reports. Stockholders of record on Monday, February 24th will be given a dividend of 0.05 per share on Friday, February 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.13%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Rentech Nitrogen Par from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 28th. They now have a $18.20 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Rentech Nitrogen Par in a research note on Tuesday, November 19th. They set a “market perform” rating and a $22.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.47.
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business.
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