Topic: How To Invest

Dividend Advisor Hotline – Friday, October 20, 2023

Article Excerpt

NUTRIEN LTD., $81.48, Toronto symbol NTR, is still a buy. The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp. of Saskatchewan (old symbol POT). Potash Corp. shareholders received 0.40 shares in Nutrien for each POT share they held; Agrium investors received 2.23 shares for each AGU share. With the April 2023 payment, Nutrien raised your quarterly dividend by 10.4%, to $0.53 U.S. a share from $0.48 U.S. The new annual rate of $2.12 U.S. yields 3.6%. The stock moved up recently as the Israel-Hamas war could disrupt the export of potash fertilizers through the Israeli port of Ashdod. That could impact about 3% of global supply and that has helped lift potash prices. The war could also hurt production of natural gas in the Middle East and increase the price of nitrogen fertilizers made from natural gas. Nutrien will probably earn $5.31 U.S. a share in…