Compass Minerals International (CMP) Declares $0.15 Dividend
Compass Minerals International said on May 23, 2023 that its board of directors declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Previously, the company paid $0.15 per share.
Shares must be purchased before the ex-div date of June 8, 2023 to qualify for the dividend. Shareholders of record as of June 9, 2023 will receive the payment on June 20, 2023.
At the current share price of $34.06 / share, the stock's dividend yield is 1.76%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.99%, the lowest has been 0.92%, and the highest has been 7.88%. The standard deviation of yields is 1.79 (n=236).
The current dividend yield is 1.24 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is -0.66. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company'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. This is a decrease of 13 owner(s) or 2.36% in the last quarter. Average portfolio weight of all funds dedicated to CMP is 0.20%, a decrease of 17.16%. Total shares owned by institutions decreased in the last three months by 5.03% to 41,373K shares. 
The put/call ratio of CMP is 0.51, indicating a bullish outlook.
Analyst Price Forecast Suggests 61.71% Upside
As of May 11, 2023, the average one-year price target for Compass Minerals International is 55.08. The forecasts range from a low of 36.36 to a high of $85.05. The average price target represents an increase of 61.71% from its latest reported closing price of 34.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Compass Minerals International is 1,299MM, an increase of 5.82%. The projected annual non-GAAP EPS is 1.17.
What are Other Shareholders Doing?
Koch Industries holds 7,035K shares representing 17.10% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 2,488K shares representing 6.05% ownership of the company. In it's prior filing, the firm reported owning 2,522K shares, representing a decrease of 1.38%. The firm decreased its portfolio allocation in CMP by 19.84% over the last quarter.
Segall Bryant & Hamill holds 1,396K shares representing 3.39% ownership of the company. In it's prior filing, the firm reported owning 1,501K shares, representing a decrease of 7.49%. The firm decreased its portfolio allocation in CMP by 24.82% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,038K shares representing 2.52% ownership of the company. In it's prior filing, the firm reported owning 993K shares, representing an increase of 4.33%. The firm increased its portfolio allocation in CMP by 2.72% over the last quarter.
Shapiro Capital Management holds 922K shares representing 2.24% ownership of the company. In it's prior filing, the firm reported owning 914K shares, representing an increase of 0.80%. The firm decreased its portfolio allocation in CMP by 19.38% over the last quarter.
Compass Minerals International Background Information
(This description is provided by the company.)
Compass Minerals is a leading provider of essential minerals focused on safely delivering where and when it matters to help solve nature's challenges for customers and communities. Its salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial and agricultural applications. Its plant nutrition business manufactures an innovative and diverse portfolio of products that improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, its specialty chemical business serves the water treatment industry and other industrial processes. The company operates 21 production and packaging facilities with more than 3,000 personnel throughout the U.S., Canada, Brazil and the U.K.
Key filings for this company:
This story originally appeared on Fintel.