ICL Group Ltd. (ICL) To Go Ex-Dividend on June 2nd

ICL Group Ltd. (NYSE:ICL) 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 dividend 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 increased its dividend by an average of 0.1%per year over the last three years. ICL Group has a dividend payout ratio of 34.0% meaning 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 Trading Down 1.6%

Shares of NYSE ICL opened at $6.65 on Friday. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 33.23 and a beta of 0.86. ICL Group has a 12-month low of $4.76 and a 12-month high of $7.35. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $5.69 and its 200 day simple moving average is $5.48.

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

ICL Group Company Profile

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.