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ICL Israel Chemicals Ltd (NYSE:ICL) stock reached a significant milestone, hitting a 52-week high of $7.04. The company, with a market capitalization of $9.1 billion and a P/E ratio of 23.5, has maintained consistent dividend payments for 12 consecutive years according to InvestingPro data. This achievement reflects a notable upward trend, with the stock experiencing a 69.8% increase over the past year. The surge in ICL (TASE:ICL)’s stock price underscores investor confidence and interest in the company’s performance and future prospects. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with 8 additional exclusive insights available to subscribers. This 52-week high marks a period of robust growth for ICL, as it continues to capitalize on favorable market conditions and strategic initiatives. The company maintains a healthy financial position with an overall "GOOD" rating from InvestingPro’s comprehensive analysis, which includes detailed metrics and expert insights available in the Pro Research Report.
In other recent news, ICL Group announced its first quarter earnings, which did not meet analyst expectations. The company reported adjusted earnings per share of $0.09, falling short of the $0.10 consensus estimate. Revenue also came in below projections at $1.77 billion, compared to the anticipated $1.85 billion. Despite this, ICL reaffirmed its full-year 2025 guidance, forecasting EBITDA between $950 million to $1.15 billion, and maintained its outlook for potash sales volumes. In another development, ICL announced a dividend distribution totaling $55 million, with shareholders set to receive $0.04260 per share. The dividend record date is June 4, 2025, with payment scheduled for June 18, 2025. The company also provided details on tax implications for the dividend, noting a 25% withholding tax rate for Israeli and foreign residents. Additionally, ICL is focusing on expanding its specialty products business and optimizing costs to drive growth.
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