Compass Minerals International, Inc. (CMP) Declares Quarterly Dividend of $0.72
Compass Minerals International, Inc. (NYSE:CMP) announced a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Investors of record on Thursday, March 1st will be given a dividend of 0.72 per share by the basic materials company on Thursday, March 15th. This represents a $2.88 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Wednesday, February 28th.
Compass Minerals International has raised its dividend payment by an average of 6.3% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Compass Minerals International has a dividend payout ratio of 109.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Compass Minerals International to earn $4.85 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 59.4%.
Shares of Compass Minerals International (CMP) opened at $67.75 on Thursday. Compass Minerals International has a 1 year low of $59.72 and a 1 year high of $80.40. The company has a quick ratio of 1.18, a current ratio of 2.52 and a debt-to-equity ratio of 1.70. The company has a market cap of $2,342.55, a PE ratio of 54.20 and a beta of 0.55.
Several research firms recently commented on CMP. Credit Suisse Group lowered shares of Compass Minerals International from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $59.72 to $60.00 in a research report on Wednesday. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. BMO Capital Markets decreased their price objective on shares of Compass Minerals International to $70.00 and set a “market perform” rating on the stock in a research report on Thursday. TheStreet lowered shares of Compass Minerals International from a “b” rating to a “c+” rating in a research report on Tuesday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $84.00 price objective on shares of Compass Minerals International in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $72.00.
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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.
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