ICL Group Ltd. (ICL) to Distribute Quarterly Dividend of $0.06 on September 16th

ICL Group Ltd. (NYSE:ICL) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.0581 per share by the basic materials company on Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 2nd. This is a 8.6% increase from ICL Group’s previous quarterly dividend of $0.05.

ICL Group has raised its dividend payment by an average of 0.1%per year over the last three years. ICL Group has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 1.7%

Shares of NYSE:ICL opened at $5.24 on Thursday. The business’s 50-day moving average is $5.32 and its 200-day moving average is $5.44. ICL Group has a 1 year low of $4.76 and a 1 year high of $6.97. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 26.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.38 and a quick ratio of 0.80.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. ICL Group had a return on equity of 7.84% and a net margin of 3.52%.The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.01 billion. Equities research analysts predict that ICL Group will post 0.43 earnings per share for the current year.

About ICL Group

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.