ICL Group Ltd. (ICL) to Issue Quarterly Dividend of $0.03 on September 16th

ICL Group Ltd. (NYSE:ICL) announced a quarterly dividend on Thursday, July 30th, Wall Street Journal reports. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.028 per share by the basic materials company on Wednesday, September 16th. This represents a $0.11 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from ICL Group’s previous quarterly dividend of $0.02.

ICL Group has raised its dividend payment by an average of 22.4% per year over the last three years and has raised its dividend every year for the last 3 years. ICL Group has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ICL Group to earn $0.28 per share next year, which means the company should continue to be able to cover its $0.07 annual dividend with an expected future payout ratio of 25.0%.

Shares of ICL Group stock opened at $3.10 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60. ICL Group has a 12 month low of $2.68 and a 12 month high of $5.50. The business’s 50-day moving average price is $3.18 and its 200-day moving average price is $3.50.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $1.20 billion during the quarter. ICL Group had a return on equity of 7.76% and a net margin of 1.41%. As a group, sell-side analysts anticipate that ICL Group will post 0.21 earnings per share for the current fiscal year.

Several equities analysts recently commented on ICL shares. ValuEngine lowered shares of ICL Group from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. Zacks Investment Research raised ICL Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 17th.

About ICL Group

ICL Group Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). 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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Dividend History for ICL Group (NYSE:ICL)

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