2024-05-09 08:45:57 ET
Summary
- Nutrien Ltd. is the world's largest producer of potash fertilizer and has major retail operations and nitrogen fertilizer products.
- The company has paid a consistently rising dividend since its 2018 merger and currently has a dividend yield of 3.9%.
- Nutrien's recent earnings reveal strong demand and improving pricing tailwinds, making NTR stock an attractive investment opportunity.
Nutrien Overview
It's time to talk about one of the most volatile dividend stocks on my radar.
That company is Nutrien Ltd. ( NTR ) , the world's largest producer of potash fertilizer.
This Canadian giant is the result of a massive merger between Agrium and PotashCorp in 2018, which created one of my favorite agriculture companies on the market.
- The company is a giant. Not only is it the world's largest producer of potash, but it also has major retail operations and nitrogen fertilizer products.
- Despite its very cyclical nature, it has paid a consistently rising dividend since the 2018 merger. Currently, NTR shares yield 3.9%, protected by an EPS payout ratio of almost 8.0%.
Read the full article on Seeking Alpha
For further details see:
So Cheap! Why Nutrien Is One Of My Favorite Plays