CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.30 per share by the basic materials company on Wednesday, February 28th. This represents a $1.20 annualized dividend and a yield of 3.04%.
CF Industries has increased its dividend by an average of 6.3% annually over the last three years. CF Industries has a dividend payout ratio of -342.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect CF Industries to earn $0.20 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 600.0%.
Shares of CF Industries (NYSE CF) traded up $0.44 during trading hours on Wednesday, reaching $39.48. 3,263,757 shares of the company’s stock traded hands, compared to its average volume of 2,987,768. CF Industries has a 1 year low of $25.04 and a 1 year high of $43.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.51. The company has a market capitalization of $9,330.00, a P/E ratio of -21.57, a PEG ratio of 24.22 and a beta of 1.09.
Several brokerages have commented on CF. Zacks Investment Research raised shares of CF Industries from a “sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada upped their price target on shares of CF Industries from $23.00 to $27.00 and gave the company an “underperform” rating in a report on Tuesday, October 17th. Atlantic Securities cut shares of CF Industries from a “neutral” rating to an “underweight” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. BMO Capital Markets upped their price target on shares of CF Industries from $38.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Finally, Stephens initiated coverage on shares of CF Industries in a report on Monday, December 4th. They issued an “equal weight” rating and a $38.00 price target for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.74.
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CF Industries 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).
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