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.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.37 by $0.29. Compass Minerals International had a net margin of 3.13% and a return on equity of 12.89%. The business had revenue of $457.90 million for the quarter, compared to analyst estimates of $468.52 million. analysts anticipate that Compass Minerals International will post 3.73 earnings per share for the current fiscal year.

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.

Dividend History for Compass Minerals International (NYSE:CMP)

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