CF Industries Holdings, Inc. to Issue Quarterly Dividend of $0.50 (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.50 per share by the basic materials company on Friday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, February 14th.

CF Industries has raised its dividend by an average of 18.6% annually over the last three years. CF Industries has a payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CF Industries to earn $5.83 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 34.3%.

CF Industries Price Performance

Shares of NYSE:CF opened at $85.03 on Wednesday. The business has a 50-day simple moving average of $89.17 and a two-hundred day simple moving average of $85.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.39 and a beta of 0.98. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. Scotiabank restated a “sector underperform” rating and issued a $88.00 price target on shares of CF Industries in a research note on Friday, January 24th. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Finally, Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.43.

Insiders Place Their Bets

In related news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,389 shares of company stock worth $2,355,425. Company insiders own 0.42% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.