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

ICL Group Ltd (NYSE:ICL) declared a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, December 4th.

ICL Group has increased its dividend by an average of 60.8% annually over the last three years. ICL Group has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NYSE ICL traded up $0.01 during trading on Wednesday, reaching $4.29. 100,044 shares of the stock traded hands, compared to its average volume of 771,555. ICL Group has a 52-week low of $3.79 and a 52-week high of $5.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. The company has a 50-day moving average of $4.11 and a 200-day moving average of $4.35. The stock has a market capitalization of $5.64 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 6.18 and a beta of 1.23.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.35% and a net margin of 5.83%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. Analysts forecast that ICL Group will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ICL shares. StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barclays reduced their price objective on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research note 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.