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

by · The Cerbat Gem

ICL Group Ltd (NYSE:ICL – Get Free Report) declared a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Investors 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 of this dividend 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% 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 Trading Down 2.5 %

Shares of ICL stock traded down $0.11 on Tuesday, hitting $4.28. 1,299,052 shares of the stock traded hands, compared to its average volume of 774,672. The firm’s 50-day moving average price is $4.11 and its two-hundred day moving average price is $4.35. ICL Group has a twelve month low of $3.79 and a twelve month high of $5.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.62. The stock has a market capitalization of $5.62 billion, a PE ratio of 13.81, a PEG ratio of 5.83 and a beta of 1.23.

ICL Group (NYSE:ICL – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, analysts anticipate that ICL Group will post 0.34 EPS for the current year.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on ICL Group

About ICL Group

(Get Free Report)

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.

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