CF Industries Holdings said on January 31, 2023 that its board of directors declared a regular quarterly dividend of $0.40 per share ($1.60 annualized). Shareholders of record as of February 14, 2023 will receive the payment on February 28, 2023. Previously, the company paid $0.40 per share.
At the current share price of $85.28 / share, the stock's dividend yield is 1.88%. Looking back five years and taking a sample every week, the average dividend yield has been 2.63%, the lowest has been 1.09%, and the highest has been 5.44%. The standard deviation of yields is 0.81 (n=237).
The current dividend yield is 0.93 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.10. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 35.95% Upside
As of February 2, 2023, the average one-year price target for CF Industries Holdings is $115.94. The forecasts range from a low of $75.75 to a high of $141.75. The average price target represents an increase of 35.95% from its latest reported closing price of $85.28.
The projected annual revenue for CF Industries Holdings is $10,100MM, a decrease of 9.16%. The projected annual EPS is $14.64, a decrease of 4.67%.
There are 1695 funds or institutions reporting positions in CF Industries Holdings. This is an increase of 31 owner(s) or 1.86%.
Average portfolio weight of all funds dedicated to US:CF is 0.3646%, an increase of 8.8917%. Total shares owned by institutions decreased in the last three months by 2.05% to 208,341K shares.
What are large shareholders doing?
Price T Rowe Associates holds 11,789,927 shares representing 6.01% ownership of the company. In it's prior filing, the firm reported owning 11,245,664 shares, representing an increase of 4.62%. The firm decreased its portfolio allocation in CF by 31.98% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,944,948 shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 6,144,049 shares, representing a decrease of 3.35%. The firm increased its portfolio allocation in CF by 13.24% over the last quarter.
Geode Capital Management holds 4,671,896 shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 4,693,864 shares, representing a decrease of 0.47%. The firm increased its portfolio allocation in CF by 15.83% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 4,587,620 shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 4,801,349 shares, representing a decrease of 4.66%. The firm increased its portfolio allocation in CF by 12.16% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 4,517,230 shares representing 2.30% ownership of the company. In it's prior filing, the firm reported owning 4,617,072 shares, representing a decrease of 2.21%. The firm increased its portfolio allocation in CF by 13.59% over the last quarter.
CF Industries Holdings Background Information
(This description is provided by the company.)
CF Industries Holdings Inc. is a leading global manufacturer of hydrogen and nitrogen products for clean energy, emissions abatement, fertilizer, and other industrial applications. The company operates manufacturing complexes in the United States, Canada, and the United Kingdom, which are among the most cost-advantaged, efficient, and flexible in the world, and an unparalleled storage, transportation and distribution network in North America. Its 3,000 employees focus on safe and reliable operations, environmental stewardship and disciplined capital and corporate management, driving its strategy to leverage and sustainably grow the world's most advantaged hydrogen and nitrogen platform to serve customers, creating long-term shareholder value.
This story originally appeared on Fintel.
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