CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Tuesday, October 10th, RTT News reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.30 per share by the basic materials company on Thursday, November 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.48%.

CF Industries Holdings has raised its dividend payment by an average of 39.7% annually over the last three years and has raised its dividend every year for the last 4 years. CF Industries Holdings has a payout ratio of -176.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CF Industries Holdings to earn $0.24 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 500.0%.

CF Industries Holdings (NYSE:CF) traded up 0.12% during mid-day trading on Tuesday, reaching $34.48. The company’s stock had a trading volume of 2,979,818 shares. The stock’s market cap is $8.04 billion. CF Industries Holdings has a 12-month low of $22.00 and a 12-month high of $37.17. The firm’s 50 day moving average price is $32.56 and its 200 day moving average price is $29.48.

CF Industries Holdings (NYSE:CF) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts predict that CF Industries Holdings will post ($0.67) earnings per share for the current year.

In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the sale, the vice president now owns 59,732 shares in the company, valued at approximately $1,883,349.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

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CF has been the topic of several research analyst reports. ValuEngine upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price objective (down previously from $31.00) on shares of CF Industries Holdings in a report on Monday, July 10th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $23.00 price objective (down previously from $25.00) on shares of CF Industries Holdings in a report on Wednesday, July 12th. Finally, Barclays PLC cut their price objective on CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, July 13th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. CF Industries Holdings currently has an average rating of “Hold” and a consensus price target of $32.58.

About CF Industries Holdings

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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