On May 23, 2023, the board of directors of Compass Minerals International announced that it has declared a dividend of $0.15 per share for the quarter ($0.60 on an annual basis), remaining unchanged from the previous quarter.
Shareholders are required to buy shares before June 8, 2023, to qualify for the dividend. The dividend payment will be made on June 20, 2023, to shareholders on record as of June 9, 2023.
At the current share price of $34.06, the stock’s dividend yield is 1.76%.
Over the past five years, looking at weekly samples, the average dividend yield has been 3.99%, with the lowest at 0.92% and the highest at 7.88%. A standard deviation of 1.79 (n=236) shows that the current dividend yield is 1.24 standard deviations below the historical average.
At present, the company has a dividend payout ratio of negative 0.66. A payout ratio greater than one indicates that the company is using savings to sustain its dividend payments, which is not a healthy situation. Companies with a lower payout ratio reinvest earnings to maintain growth prospects.
Compass Minerals International’s 3-Year dividend growth rate is -0.79%.
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What is the Fund Sentiment?
There are 537 funds or institutions reporting positions in Compass Minerals International, a decrease of 13 owner(s) or 2.36% in the last quarter. The average portfolio weight of all funds dedicated to CMP is 0.20%, a decrease of 17.16%. The total shares owned by institutions fell by 5.03% to 41,373K shares over the three months. The company’s put/call ratio is 0.51, indicating a bullish outlook.
Analyst Price Forecast Suggests 61.71% Upside
Analysts predict a one-year average price target of $55.08 for Compass Minerals International, with forecasts ranging from $36.36 to $85.05. This represents a potential increase of 61.71% from its latest reported closing price of $34.06 per share.
Check the leaderboard of companies with the largest price target upside.
The company is projected to generate $1,299MM in annual revenue, a rise of 5.82%. Its projected non-GAAP EPS is 1.17.
What are Other Shareholders Doing?
Koch Industries owns 7,035K shares, accounting for 17.10% of the company. IJR- iShares Core S&P Small-Cap ETF owns 2,488K shares, representing 6.05% of the enterprise. Segall Bryant & Hamill owns 1,396K shares, accounting for 3.39% of the business.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 1,038K shares, representing 2.52% ownership of the company. Shapiro Capital Management owns 922K shares, accounting for 2.24% of the company.
Compass Minerals International Background Information
(This description is provided by the company.)
Compass Minerals safely provides essential minerals to customers and communities to solve nature’s challenges. Its salt products serve multiple applications, including improving public safety on roadways in wintry weather. Its plant nutrition line provides an innovative array of products that help improve crop yield and quality and promotes sustainable agriculture. The specialty chemical division addresses industrial processes and the water treatment industry. Compass Minerals International operates production and packaging facilities in the USA, Canada, Brazil, and the United Kingdom.
Key filings for this company:
This story originally appeared on Fintel.
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