ICL Group Ltd. (ICL) to Issue Quarterly Dividend of $0.05 on March 25th

ICL Group Ltd. (NYSE:ICL) announced a quarterly dividend on Friday, January 1st. Investors of record on Tuesday, March 10th will be paid a dividend of 0.0465 per share by the basic materials company on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, March 10th.

ICL Group has increased its dividend by an average of 0.1%per year over the last three years. ICL Group has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Analysts expect ICL Group to earn $0.42 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 33.3%.

ICL Group Trading Up 1.1%

ICL stock opened at $4.97 on Friday. The stock has a 50-day simple moving average of $5.42 and a two-hundred day simple moving average of $5.75. ICL Group has a twelve month low of $4.76 and a twelve month high of $7.35. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. ICL Group had a net margin of 3.16% and a return on equity of 7.44%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. As a group, sell-side analysts predict that ICL Group will post 0.37 EPS 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.