Innophos Holdings, Inc. (IPHS) to Issue Quarterly Dividend of $0.48

Innophos Holdings, Inc. (NASDAQ:IPHS) declared a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Stockholders of record on Friday, November 17th will be paid a dividend of 0.48 per share by the specialty chemicals company on Wednesday, December 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, November 16th.

Innophos Holdings (NASDAQ:IPHS) last posted its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Innophos Holdings had a net margin of 6.46% and a return on equity of 13.79%. The firm had revenue of $184.00 million during the quarter, compared to the consensus estimate of $179.33 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis.

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A number of brokerages recently commented on IPHS. Zacks Investment Research downgraded shares of Innophos Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Innophos Holdings in a research note on Wednesday. Finally, BidaskClub downgraded shares of Innophos Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Innophos Holdings presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Innophos Holdings Company Profile

Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.

Dividend History for Innophos Holdings (NASDAQ:IPHS)

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