Thursday, December 15, 2022 5:00 AM EDT
ICL Group Ltd bears the ticker symbol (ICL), and this is my first mention of ICL Group for my new Viking Portfolio but it was selected and my 40th pick for Viital, my seventh Dog of The Week Portfolio.
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Image ICL
ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and innovative agriculture solutions (IAS). These segments all contribute to the company's development of agriculture, food, and engineered material products and services.
The company mines and manufactures potash and phosphates to be used as ingredients in fertilizers and serve as a component in the pharmaceutical and food additives industries.
It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, specialty phosphate blends, purified phosphoric acid, electronic-grade specialty phosphoric acids.
Its geographical segments are Europe, Asia, North & South America, and the Rest of the world.
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The company was formerly known as Israel Chemicals Ltd. and changed its name to ICL Group Ltd in May 2020.
The company was founded in 1968 and is headquartered in Tel Aviv, Israel.
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Three key data points gauge
ICL Group:
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(1) Price
(2) Dividends
(3) Returns
Those three basic keys best tell whether any company has made, is making, and will make money.
ICL Price
ICL’s price per share was $7.74 at Wednesday’s market close. And, in the past year, ICL’s share price fell by $1.66 or near 18%.
If ICL’s stock trades in the range of $5.00 to $10.00 this next year, its recent $7.74 share price might reach $9.00 by next year. My upside increase estimate of $1.26 is $1.24 less than median of one year target estimates from 5 analysts tracking ICL.
ICL Dividends
ICL Group’s most recently declared quarterly dividend of $0.2434 per share, equals $0.97 annually and casts an annual yield of 12.58%.
ICL Returns
Adding the $0.97 annual estimated ICL dividend to my one-year price upside estimate of $1.26 reveals a $2.23 potential gross gain per share.
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At Wednesday’s $7.74 closing price, a little under $1000 would buy 129 shares.
A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.08 per share.
Subtract that maybe $0.08 brokerage cost from my estimated $2.23 gross gain makes a net gain of $2.15 X 129 shares = $277.35 for a 27.7% net gain including a 12.58% annual dividend yield.
In one year our $1K investment in shares of ICL Group would generate $125.80 in cash dividends. Of course, a single share of ICL stock at Wednesday's $7.74 price is over 16 times less than the annual dividend income from our $1000.00 investment.
So, by my dogcatcher ideal, this is a good time to buy ICL shares based on their dividends for the coming year 2023. The current dividend from $1K invested is 16.25 times more than ICL Group’s single share price. Consider yourself alerted.
All of the estimates above are speculation based on the past history of ICL Group Ltd. Only time and money invested in this stock will determine its market value.
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Disclaimer This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...
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Disclaimer This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security. Prices and returns on equities in this article except as noted are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling same.
Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by YCharts.
Catch Your Underdog Daily Dividend on Facebook!
The night before every NYSE trading day on Facebook/ Dividend Dog Catcher Fredrik Arnold usually does a quick live video summary of one stock contending for a weekly slot on his new Viking portfolio.
Last night Arnold followed this script on his Underdog Daily Dividend Show!
Always remember: Root for the Underdog.
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