Compass Minerals International, Inc. (NYSE:CMP) declared a quarterly dividend on Friday, August 4th, Zacks reports. Investors of record on Friday, September 1st will be paid a dividend of 0.72 per share by the basic materials company on Friday, September 15th. This represents a $2.88 annualized dividend and a yield of 4.33%. The ex-dividend date is Wednesday, August 30th.

Compass Minerals International has increased its dividend by an average of 8.4% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Compass Minerals International has a dividend payout ratio of 93.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Compass Minerals International to earn $4.07 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 70.8%.

Compass Minerals International (CMP) opened at 66.85 on Friday. Compass Minerals International has a one year low of $62.70 and a one year high of $84.40. The company’s 50-day moving average is $66.64 and its 200 day moving average is $68.46. The company has a market capitalization of $2.26 billion, a P/E ratio of 18.68 and a beta of 0.45.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, August 7th. The basic materials company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.12. The firm had revenue of $228 million during the quarter, compared to analysts’ expectations of $261.13 million. Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. Analysts predict that Compass Minerals International will post $3.02 EPS for the current year.

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Several brokerages have issued reports on CMP. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $75.00 target price on shares of Compass Minerals International in a research note on Monday, May 15th. BidaskClub raised Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Credit Suisse Group set a $63.00 target price on Compass Minerals International and gave the stock a “hold” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $73.50.

Compass Minerals International Company Profile

Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.

Dividend History for Compass Minerals International (NYSE:CMP)

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