This Company has Raised its Dividend for 14 Consecutive Years; Will Trade Ex-Dividend on May 30, 2017

LONDON, UK / ACCESSWIRE / May 26, 2017 / Active Wall St. announces its dividend coverage for Compass Minerals International, Inc. (NYSE: CMP). Shares of Compass Minerals will begin trading ex-dividend on May 30, 2017. In order to qualify for a dividend check, investors must own the stock on or before May 29, 2017. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its ex-dividend coverage on CMP. Get our free coverage by signing up to:
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Dividend Declared

On May 04, 2017, Compass Minerals’ Board of Directors declared a cash dividend of $0.72 per share payable June 15, 2017, to shareholders of record as of the close of business on June 01, 2017. The new dividend rate was originally announced on February 02, 2017, where its Board of Directors approved a 3.6% increase in the Company’s quarterly cash dividend. The quarterly cash dividend was increased to $0.72 per share of common stock and will raise the annualized dividend pay-out to $2.88 per share of common stock.

At the new rate, Compass Minerals indicated the dividend represents a dividend yield of 4.73% compared to the average dividend yield for the Basic Materials sector of 2.32%. The Company has increased its dividend every year since going public in 2003.

Compass Minerals has a dividend pay-out ratio of 88.1% meaning the Company distributes $0.608 for every $1.00 earned. Analysts expect Compass Minerals to report earnings of $4.15 in the coming year, which should allow the Company to comfortably continue to cover its $2.88 annual dividend.

About the Company

Compass Minerals was founded in 1993 and is headquartered in Overland Park, Kansas. The Company was formerly known as Salt Holdings Corporation and changed its name to Compass Minerals International, Inc. in December 2003.

Compass Minerals, produces and sells salt, and specialty plant nutrition and chemical products in the United States, Canada, Brazil, the United Kingdom, and internationally. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America.

Recent Development for Qualcomm

On May 03, 2017, Compass Minerals reported total revenue increase of 12% to $387.8 million for Q1 2017 from $345.7 million in Q1 2016, driven by the recent acquisition of Produquímica Indústria e Comércio S.A. (Produquímica), which contributed revenue of $61.3 million in the reported quarter.

For Q1 2017, Compass Minerals’ consolidated operating income totaled $41.4 million, down 44% compared to $74.3 million in the prior year’s same quarter. The decline was primarily driven by reduced salt segment earnings, offset partially by earnings from both the Company’s plant nutrition segments. Compass Minerals reported Q1 2017 net earnings of $21.5 million, or $0.63 per diluted share, compared to $49.7 million, or $1.46 per diluted share, in Q1 2016.

On April 25, 2017, Compass Minerals announced that effective immediately its Chief Financial Officer, Patrick “Doug” Linehan, is leaving the Company due to unforeseen personal circumstances. Compass Minerals stated that Linehan’s departure involves no disputes with the Company or issues regarding accounting practices, financial statements or operations. Concurrently, James “Jamie” Standen, Vice President of finance and treasurer, has been named as interim CFO and Treasurer.

Stock Performance

At the close of trading session on Thursday, May 25, 2017, Compass Minerals’ stock price slipped 1.06% to end the day at $65.25. A total volume of 324.53 thousand shares were exchanged during the session. The Company’s shares are trading at a PE ratio of 16.51 and have a dividend yield of 4.41%. The stock currently has a market cap of $2.21 billion.

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