CF Industries Holdings, Inc. (NYSE:CF) Announces Quarterly Dividend of $0.30

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CF Industries Holdings, Inc. (NYSE:CF) declared a quarterly dividend on Wednesday, October 9th, RTT News reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.30 per share by the basic materials company on Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, November 14th.

CF traded down $0.18 on Wednesday, hitting $44.77. 1,396,704 shares of the company were exchanged, compared to its average volume of 2,379,126. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.10 and a current ratio of 1.34. The stock’s fifty day moving average is $46.42 and its 200-day moving average is $46.88. The company has a market cap of $10.05 billion, a PE ratio of 36.10, a PEG ratio of 3.36 and a beta of 0.95. CF Industries has a 12 month low of $38.90 and a 12 month high of $55.15.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.06). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. CF Industries had a net margin of 10.42% and a return on equity of 7.98%. CF Industries’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. As a group, equities research analysts expect that CF Industries will post 2.29 EPS for the current fiscal year.

In other news, VP Bert A. Frost sold 13,000 shares of CF Industries stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $45.50, for a total value of $591,500.00. Following the completion of the transaction, the vice president now directly owns 95,072 shares of the company’s stock, valued at approximately $4,325,776. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $47.50, for a total value of $166,250.00. Following the completion of the sale, the director now owns 49,187 shares of the company’s stock, valued at $2,336,382.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

CF has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price target on CF Industries from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Rowe increased their price target on CF Industries from $56.00 to $66.00 and gave the stock a “positive” rating in a research report on Tuesday, August 6th. Barclays set a $52.00 price target on CF Industries and gave the stock a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on CF Industries from $43.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Finally, Consumer Edge assumed coverage on CF Industries in a report on Monday, September 23rd. They issued an “overweight” rating on the stock. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $51.96.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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Dividend History for CF Industries (NYSE:CF)

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