ICL Group Ltd Plans Quarterly Dividend of $0.01 (NYSE:ICL)

ICL Group Ltd (NYSE:ICL) announced a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.0133 per share by the basic materials company on Wednesday, December 18th. This represents a $0.05 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, December 4th.

ICL Group has raised its dividend by an average of 60.8% annually over the last three years. ICL Group has a dividend payout ratio of 43.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ICL Group to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 46.3%.

ICL Group Stock Up 0.4 %

ICL stock opened at $4.58 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The stock has a market capitalization of $6.02 billion, a P/E ratio of 14.77, a P/E/G ratio of 6.26 and a beta of 1.23. ICL Group has a fifty-two week low of $3.79 and a fifty-two week high of $5.54. The business has a 50-day moving average of $4.24 and a 200-day moving average of $4.32.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, sell-side analysts anticipate that ICL Group will post 0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on ICL shares. StockNews.com raised shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Barclays dropped their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a report on Friday, August 16th.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.