Israel Chemicals Shs (ICL) Announces Quarterly Dividend of $0.04
Israel Chemicals Shs (NYSE:ICL) declared a quarterly dividend on Friday, November 10th, Wall Street Journal reports. Stockholders of record on Tuesday, December 5th will be paid a dividend of 0.044 per share by the basic materials company on Wednesday, December 20th. This represents a $0.18 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Tuesday, December 5th. This is a positive change from Israel Chemicals Shs’s previous quarterly dividend of $0.02.
Israel Chemicals Shs has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Israel Chemicals Shs to earn $0.34 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 29.4%.
Shares of Israel Chemicals Shs (NYSE:ICL) traded down $0.02 during trading hours on Friday, reaching $4.09. 117,591 shares of the company traded hands, compared to its average volume of 215,417. Israel Chemicals Shs has a 12-month low of $3.70 and a 12-month high of $4.95. The firm has a market cap of $5,394.17, a price-to-earnings ratio of 15.11 and a beta of 1.18. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.24 and a quick ratio of 0.65.
Israel Chemicals Shs (NYSE:ICL) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Israel Chemicals Shs had a net margin of 4.47% and a return on equity of 13.41%. Israel Chemicals Shs’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. research analysts anticipate that Israel Chemicals Shs will post 0.28 EPS for the current fiscal year.
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A number of research analysts recently issued reports on the company. BMO Capital Markets restated a “hold” rating on shares of Israel Chemicals Shs in a research note on Friday, October 6th. ValuEngine upgraded Israel Chemicals Shs from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research raised Israel Chemicals Shs from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and set a $5.25 target price (up from $4.75) on shares of Israel Chemicals Shs in a research report on Friday, July 14th. Finally, BidaskClub cut shares of Israel Chemicals Shs from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Israel Chemicals Shs has an average rating of “Hold” and an average price target of $4.88.
About Israel Chemicals Shs
Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.
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