Innophos Holdings, Inc. (NASDAQ:IPHS) announced a quarterly dividend on Friday, November 2nd, Wall Street Journal reports. Investors of record on Friday, November 16th will be given a dividend of 0.48 per share by the specialty chemicals company on Friday, December 7th. This represents a $1.92 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend is Thursday, November 15th.
Innophos has raised its dividend by an average of 2.9% annually over the last three years. Innophos has a payout ratio of 68.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Innophos to earn $2.50 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 76.8%.
Shares of IPHS stock opened at $29.86 on Friday. Innophos has a 12 month low of $27.46 and a 12 month high of $50.40. The stock has a market cap of $611.84 million, a PE ratio of 12.14 and a beta of 1.21. The company has a current ratio of 2.79, a quick ratio of 1.36 and a debt-to-equity ratio of 1.01.
IPHS has been the topic of a number of recent research reports. BidaskClub lowered Innophos from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. TheStreet lowered Innophos from a “b-” rating to a “c+” rating in a research note on Thursday, August 23rd. ValuEngine lowered Innophos from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Finally, Zacks Investment Research lowered Innophos from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 25th.
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Innophos Holdings, Inc, together with its subsidiaries, produces specialty ingredients with applications in food, health, nutrition, and industrial markets. It operates through three segments: Food, Health and Nutrition; Industrial Specialties; and Other. The company's specialty ingredients include specialty phosphate salts and specialty phosphoric acids, as well as other mineral, enzyme, and botanical based specialty ingredients that are used as flavor enhancers in beverages; electrolytes in sports drinks; texture modifiers in cheeses; leavening agents in baked goods; calcium and phosphorus fortification in food and beverages; moisture and color retention in seafood, poultry, and meat; excipients in vitamins, minerals, nutritional supplements, and pharmaceuticals; and abrasives in toothpaste.
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