10 Best Beaten Down Dividend Stocks to Invest in Now

4. Nutrien Ltd. (NYSE:NTR)

3-year high-to-low share price decrease as of August 30: 53.9%

Nutrien Ltd. (NYSE:NTR) is a Canadian fertilizer company and is also one of the largest producers of potash in the world. The stock is down by nearly 54% from its three-year high mainly because of rising inflation. Moreover, fluctuating commodity prices and rising production costs have significantly impacted the company’s declining performance. In the second quarter of 2024, the company generated over $9.9 billion in revenues, which fell by 13% from the same period last year. The revenue also missed analysts’ consensus by $817 million.

Despite these challenges, Nutrien Ltd. (NYSE:NTR) has shown confidence in its operations throughout the quarter. The company benefited from improved retail margins, increased fertilizer sales volumes, and lower operating costs during the first half of 2024. With strong demand for crop inputs, Nutrien raised its full-year forecast for global potash demand, backed by strong engagement in all major markets. Although the company has $13.37 billion in debt as of the most recent quarter with a debt-to-equity ratio of 0.53, this shouldn’t worry income investors, as its cash generation remains strong. In the second quarter of 2024, the company reported $1.8 billion in operating cash flow and distributed $266 million to shareholders through dividends.

Nutrien Ltd. (NYSE:NTR), one of the best dividend stocks, has raised its payouts for five years in a row. The company offers a quarterly dividend of $0.54 per share and has a dividend yield of 4.55%, as of August 30.

According to Insider Monkey’s database of Q2 2024, 35 hedge funds held stakes in Nutrien Ltd. (NYSE:NTR), up from 33 in the previous quarter. Their total stake value is more than $386.4 million. With over 9.4 million shares, First Eagle Investment Management was the company’s largest stakeholder in Q2.