ICL Group Ltd (NYSE:ICL – Get Rating) announced a dividend on Friday, May 27th, investing.com reports. Investors of record on Wednesday, June 1st will be paid a dividend of 23.832 per share by the basic materials company on Wednesday, June 1st. This represents a dividend yield of 2.54%. The ex-dividend date is Tuesday, May 31st. This is a boost from ICL Group’s previous dividend of $0.05.
ICL Group has a dividend payout ratio of 92.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect ICL Group to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 76.0%.
Shares of ICL opened at $11.22 on Friday. ICL Group has a twelve month low of $6.43 and a twelve month high of $12.96. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $14.36 billion, a P/E ratio of 11.45, a PEG ratio of 0.99 and a beta of 1.09. The firm’s 50-day moving average is $11.65 and its two-hundred day moving average is $10.52.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in ICL Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,012,079 shares of the basic materials company’s stock worth $253,616,000 after purchasing an additional 170,647 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in ICL Group by 7.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,877,742 shares of the basic materials company’s stock worth $70,416,000 after purchasing an additional 426,776 shares during the period. BlackRock Inc. grew its position in shares of ICL Group by 38.9% during the 1st quarter. BlackRock Inc. now owns 2,542,319 shares of the basic materials company’s stock valued at $30,686,000 after buying an additional 711,544 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in ICL Group by 2.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 2,499,462 shares of the basic materials company’s stock worth $24,170,000 after acquiring an additional 56,490 shares during the last quarter. Finally, UBS Group AG boosted its stake in ICL Group by 737.8% in the first quarter. UBS Group AG now owns 2,268,289 shares of the basic materials company’s stock valued at $27,378,000 after acquiring an additional 1,997,559 shares during the period.
About ICL Group (Get Rating)
ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.
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