CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Tuesday, July 25th, RTT News reports. Shareholders of record on Tuesday, August 15th will be given a dividend of 0.30 per share by the basic materials company on Thursday, August 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.98%.

CF Industries Holdings has increased its dividend payment by an average of 39.7% annually over the last three years and has increased its dividend every year for the last 4 years. CF Industries Holdings has a dividend payout ratio of -279.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect CF Industries Holdings to earn $0.47 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 255.3%.

CF Industries Holdings (CF) traded down 0.17% during mid-day trading on Tuesday, reaching $30.17. 6,726,910 shares of the company’s stock were exchanged. The stock’s market capitalization is $7.04 billion. The firm’s 50-day moving average is $28.18 and its 200 day moving average is $29.94. CF Industries Holdings has a 1-year low of $20.77 and a 1-year high of $37.17.

CF Industries Holdings (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.04. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $988.56 million. CF Industries Holdings had a negative net margin of 8.77% and a positive return on equity of 0.41%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Analysts forecast that CF Industries Holdings will post ($0.43) earnings per share for the current fiscal year.

Several brokerages recently commented on CF. BMO Capital Markets reaffirmed a “buy” rating and set a $38.00 price target on shares of CF Industries Holdings in a research report on Wednesday, April 5th. Citigroup Inc. dropped their price target on shares of CF Industries Holdings from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, April 11th. Royal Bank Of Canada dropped their price target on shares of CF Industries Holdings from $27.00 to $26.00 and set an “underperform” rating for the company in a research report on Tuesday, April 18th. Zacks Investment Research lowered shares of CF Industries Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 18th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $31.00 price target on shares of CF Industries Holdings in a research report on Friday, April 21st. Four analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.43.

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CF Industries Holdings Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

Dividend History for CF Industries Holdings (NYSE:CF)

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