Compass Minerals International, Inc. to Issue Quarterly Dividend of $0.72 (CMP)

Compass Minerals International, Inc. (NYSE:CMP) declared a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Wednesday, February 28th.

Compass Minerals International has increased its dividend by an average of 6.3% annually over the last three years and has increased its dividend every year for the last 14 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. Equities research analysts expect Compass Minerals International to earn $3.73 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 77.2%.

Compass Minerals International (CMP) traded down $1.50 on Wednesday, hitting $67.75. The stock had a trading volume of 803,655 shares, compared to its average volume of 355,353. The company has a market capitalization of $2,340.00, a PE ratio of 15.52 and a beta of 0.54. Compass Minerals International has a 1 year low of $59.72 and a 1 year high of $80.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52.

Compass Minerals International (NYSE:CMP) last released its earnings results on Tuesday, February 13th. The basic materials company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.29. The firm had revenue of $457.90 million for the quarter, compared to analysts’ expectations of $468.52 million. Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. sell-side analysts expect that Compass Minerals International will post 2.56 EPS for the current year.

CMP has been the subject of a number of research reports. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $84.00 price target on shares of Compass Minerals International in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.60.

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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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