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

ICL Group Ltd. (NYSE:ICLGet Free Report) announced a quarterly dividend on Friday, January 1st. Investors of record on Tuesday, June 2nd will be paid a dividend of 0.0535 per share by the basic materials company on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 2nd. This is a 15.1% increase from ICL Group’s previous quarterly dividend of $0.05.

ICL Group has raised its dividend payment by an average of 0.1%annually over the last three years. ICL Group has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ICL Group to earn $0.44 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 36.4%.

ICL Group Trading Down 1.6%

Shares of ICL opened at $6.65 on Friday. The company’s fifty day moving average is $5.69 and its 200 day moving average is $5.48. ICL Group has a fifty-two week low of $4.76 and a fifty-two week high of $7.35. The stock has a market capitalization of $8.58 billion, a PE ratio of 33.23 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 1.38.

ICL Group (NYSE:ICLGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. ICL Group had a net margin of 3.52% and a return on equity of 7.84%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Sell-side analysts expect that ICL Group will post 0.43 earnings per share for the current fiscal year.

ICL Group Company Profile

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ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.

See Also

Dividend History for ICL Group (NYSE:ICL)

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