ICL Group Ltd (ICL) To Go Ex-Dividend on December 4th

ICL Group Ltd (NYSE:ICL) announced 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 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 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 Price Performance

Shares of ICL opened at $4.29 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.62 and a debt-to-equity ratio of 0.31. ICL Group has a twelve month low of $3.79 and a twelve month high of $5.54. The stock has a market capitalization of $5.64 billion, a P/E ratio of 13.87, a P/E/G ratio of 6.02 and a beta of 1.23. The company has a 50 day moving average of $4.11 and a 200-day moving average of $4.35.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Barclays dropped their price objective on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock 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.