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

ICL Group Ltd (NYSE:ICL) announced a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Stockholders of record on Wednesday, December 4th will be paid 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 1.24%. The ex-dividend date is Wednesday, December 4th.

ICL Group has raised its dividend payment by an average of 60.8% annually over the last three years. ICL Group has a dividend payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 2.5 %

Shares of NYSE ICL traded down $0.11 on Tuesday, hitting $4.28. The company had a trading volume of 1,299,052 shares, compared to its average volume of 774,672. ICL Group has a 12-month low of $3.79 and a 12-month high of $5.54. The business has a 50 day moving average of $4.11 and a two-hundred day moving average of $4.35. The company has a quick ratio of 0.94, a current ratio of 1.62 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.62 billion, a P/E ratio of 13.81, a PEG ratio of 5.83 and a beta of 1.23.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company posted $0.13 EPS. As a group, equities research analysts forecast that ICL Group will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

ICL has been the topic of a number of recent research reports. Barclays lowered their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. StockNews.com cut ICL Group from a “strong-buy” rating to a “buy” rating in a report on Monday, September 30th.

ICL Group Company Profile

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.