ICL Group Ltd Declares 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 given 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 is Wednesday, December 4th.

ICL Group has raised its dividend payment by an average of 60.8% per year 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 Price Performance

Shares of ICL Group stock traded up $0.01 on Wednesday, hitting $4.29. 100,044 shares of the company traded hands, compared to its average volume of 771,555. ICL Group has a 12-month low of $3.79 and a 12-month high of $5.54. The firm’s 50-day simple moving average is $4.11 and its 200 day simple moving average is $4.35. The company has a market cap of $5.64 billion, a P/E ratio of 13.79, a P/E/G ratio of 6.18 and a beta of 1.23. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on ICL shares. Barclays lowered their price target on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a report on Friday, August 16th. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

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.