ICL Group Ltd. to Issue Quarterly Dividend of $0.05 (NYSE:ICL)

ICL Group Ltd. (NYSE:ICL) announced a quarterly dividend on Friday, January 1st. Shareholders of record on Tuesday, December 2nd will be given a dividend of 0.048 per share by the basic materials company on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, December 2nd.

ICL Group has raised its dividend payment by an average of 0.2%annually over the last three years. ICL Group has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect ICL Group to earn $0.42 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 33.3%.

ICL Group Price Performance

Shares of ICL stock opened at $5.59 on Friday. The company has a market capitalization of $7.34 billion, a P/E ratio of 19.28 and a beta of 1.12. The company’s 50-day simple moving average is $6.09 and its two-hundred day simple moving average is $6.38. ICL Group has a one year low of $4.52 and a one year high of $7.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.05.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.95 billion. ICL Group had a return on equity of 7.51% and a net margin of 5.28%. As a group, equities analysts anticipate that ICL Group will post 0.37 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays reduced their price target on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of ICL Group in a research note on Tuesday. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.23.

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.