Compass Minerals International (CMP) Dividends
Market Cap: $548.27M
Avg Volume: 639.41K
Industry: Industrial Materials
Sector: Basic Materials
Dividend Overview
Compass Minerals International (CMP) pays a quarterly dividend to its shareholders. The current dividend yield is 2.87%, which means that for every $100 invested at the current price, investors would receive approximately $2.87 in dividends per year (this can change based on future dividend payments and price movements).
About CMP's Dividend
Compass Minerals International pays a quarterly dividend of $0.15 per share, which totals $0.60 annually. This means that for each share you own, you'll receive $0.60 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was March 08, 2024. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Compass Minerals International's payout ratio is -0.06% which means that -0.06% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
Compass Minerals International's dividend has grown by 0.49% over the past year. A positive growth rate can be a sign of the company's confidence in its future earnings.
CMP Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.15 | 2.87% | March 08, 2024 | March 11, 2024 | March 20, 2024 | February 15, 2024 |
| $0.15 | 2.44% | December 08, 2023 | December 11, 2023 | December 20, 2023 | November 29, 2023 |
| $0.15 | 2.08% | September 08, 2023 | September 11, 2023 | September 20, 2023 | August 17, 2023 |
| $0.15 | 1.69% | June 08, 2023 | June 09, 2023 | June 20, 2023 | May 23, 2023 |
| $0.15 | 1.65% | March 09, 2023 | March 10, 2023 | March 20, 2023 | February 16, 2023 |
| $0.15 | 1.39% | December 08, 2022 | December 09, 2022 | December 20, 2022 | November 15, 2022 |
| $0.15 | 1.55% | September 08, 2022 | September 09, 2022 | September 20, 2022 | August 25, 2022 |
| $0.15 | 2.81% | June 09, 2022 | June 10, 2022 | June 20, 2022 | May 20, 2022 |
| $0.15 | 2.93% | March 09, 2022 | March 10, 2022 | March 21, 2022 | February 24, 2022 |
| $0.15 | 4.46% | December 09, 2021 | December 10, 2021 | December 20, 2021 | November 15, 2021 |
| $0.72 | 4.36% | September 09, 2021 | September 10, 2021 | September 20, 2021 | August 19, 2021 |
| $0.72 | 4.35% | June 09, 2021 | June 10, 2021 | June 18, 2021 | May 18, 2021 |
| $0.72 | 4.42% | March 09, 2021 | March 10, 2021 | March 19, 2021 | February 25, 2021 |
| $0.72 | 4.61% | November 30, 2020 | December 01, 2020 | December 15, 2020 | November 19, 2020 |
| $0.72 | 5.06% | August 31, 2020 | September 01, 2020 | September 15, 2020 | August 20, 2020 |
| $0.72 | 5.98% | May 29, 2020 | June 01, 2020 | June 15, 2020 | May 18, 2020 |
| $0.72 | 5.28% | February 28, 2020 | March 02, 2020 | March 16, 2020 | February 19, 2020 |
| $0.72 | 5.21% | November 29, 2019 | December 02, 2019 | December 16, 2019 | November 14, 2019 |
| $0.72 | 5.75% | August 29, 2019 | August 30, 2019 | September 13, 2019 | August 14, 2019 |
| $0.72 | 5.53% | May 30, 2019 | May 31, 2019 | June 14, 2019 | May 10, 2019 |
| $0.72 | 5.50% | February 28, 2019 | March 01, 2019 | March 15, 2019 | February 14, 2019 |
| $0.72 | 5.75% | November 30, 2018 | December 03, 2018 | December 17, 2018 | November 08, 2018 |
| $0.72 | 4.55% | August 30, 2018 | August 31, 2018 | September 17, 2018 | August 02, 2018 |
| $0.72 | 4.40% | May 31, 2018 | June 01, 2018 | June 15, 2018 | May 09, 2018 |
| $0.72 | 4.78% | February 28, 2018 | March 01, 2018 | March 15, 2018 | February 13, 2018 |
| $0.72 | 4.13% | November 30, 2017 | December 01, 2017 | December 15, 2017 | November 09, 2017 |
| $0.72 | 4.30% | August 30, 2017 | September 01, 2017 | September 15, 2017 | August 04, 2017 |
| $0.72 | 4.40% | May 30, 2017 | June 01, 2017 | June 15, 2017 | May 04, 2017 |
| $0.72 | 3.70% | February 27, 2017 | March 01, 2017 | March 15, 2017 | February 02, 2017 |
| $0.695 | 3.56% | November 29, 2016 | December 01, 2016 | December 15, 2016 | November 10, 2016 |
| $0.695 | 3.64% | August 30, 2016 | September 01, 2016 | September 15, 2016 | August 04, 2016 |
| $0.695 | 3.47% | May 27, 2016 | June 01, 2016 | June 15, 2016 | May 05, 2016 |
| $0.695 | 3.95% | February 25, 2016 | February 29, 2016 | March 15, 2016 | February 09, 2016 |
| $0.66 | 3.16% | November 27, 2015 | December 01, 2015 | December 15, 2015 | November 11, 2015 |
| $0.66 | 3.19% | August 27, 2015 | August 31, 2015 | September 14, 2015 | August 05, 2015 |
| $0.66 | 2.90% | May 28, 2015 | June 01, 2015 | June 15, 2015 | May 12, 2015 |
| $0.66 | 2.72% | February 25, 2015 | February 27, 2015 | March 13, 2015 | February 10, 2015 |
| $0.6 | 2.70% | November 26, 2014 | December 01, 2014 | December 15, 2014 | November 05, 2014 |
| $0.6 | 2.66% | August 27, 2014 | August 29, 2014 | September 12, 2014 | August 07, 2014 |
| $0.6 | 2.46% | May 28, 2014 | May 30, 2014 | June 13, 2014 | May 08, 2014 |
| $0.6 | 2.70% | February 26, 2014 | February 28, 2014 | March 14, 2014 | February 10, 2014 |
| $0.545 | 3.03% | November 26, 2013 | November 29, 2013 | December 13, 2013 | November 07, 2013 |
| $0.545 | 2.90% | August 28, 2013 | August 30, 2013 | September 13, 2013 | August 08, 2013 |
| $0.545 | 2.37% | May 29, 2013 | May 31, 2013 | June 14, 2013 | May 09, 2013 |
| $0.545 | 2.73% | February 27, 2013 | March 01, 2013 | March 15, 2013 | February 11, 2013 |
| $0.495 | 2.57% | November 28, 2012 | November 30, 2012 | December 14, 2012 | November 08, 2012 |
| $0.495 | 2.69% | August 29, 2012 | August 31, 2012 | September 14, 2012 | August 09, 2012 |
| $0.495 | 2.64% | May 30, 2012 | June 01, 2012 | June 15, 2012 | May 11, 2012 |
| $0.495 | 2.55% | February 28, 2012 | March 01, 2012 | March 15, 2012 | February 14, 2012 |
| $0.45 | 2.48% | November 29, 2011 | December 01, 2011 | December 15, 2011 | November 14, 2011 |
| $0.45 | 2.31% | August 30, 2011 | September 01, 2011 | September 15, 2011 | August 11, 2011 |
| $0.45 | 1.84% | May 27, 2011 | June 01, 2011 | June 15, 2011 | May 12, 2011 |
| $0.45 | 1.76% | February 25, 2011 | March 01, 2011 | March 15, 2011 | February 15, 2011 |
| $0.39 | 1.90% | November 29, 2010 | December 01, 2010 | December 15, 2010 | November 04, 2010 |
| $0.39 | 2.15% | August 30, 2010 | September 01, 2010 | September 15, 2010 | August 13, 2010 |
| $0.39 | 1.93% | May 27, 2010 | June 01, 2010 | June 15, 2010 | May 06, 2010 |
| $0.39 | 1.95% | February 25, 2010 | March 01, 2010 | March 15, 2010 | February 09, 2010 |
| $0.355 | 2.20% | November 27, 2009 | December 01, 2009 | December 15, 2009 | November 06, 2009 |
| $0.355 | 2.58% | August 28, 2009 | September 01, 2009 | September 15, 2009 | August 14, 2009 |
| $0.355 | 2.63% | May 28, 2009 | June 01, 2009 | June 15, 2009 | May 08, 2009 |
| $0.355 | 2.53% | February 25, 2009 | February 27, 2009 | March 13, 2009 | February 09, 2009 |
| $0.335 | 2.41% | November 26, 2008 | December 01, 2008 | December 15, 2008 | November 05, 2008 |
| $0.335 | 1.89% | August 27, 2008 | August 29, 2008 | September 15, 2008 | August 14, 2008 |
| $0.335 | 1.74% | May 28, 2008 | May 30, 2008 | June 13, 2008 | May 08, 2008 |
| $0.335 | 2.24% | February 27, 2008 | February 29, 2008 | March 14, 2008 | February 11, 2008 |
| $0.32 | 3.47% | November 28, 2007 | November 30, 2007 | December 14, 2007 | November 05, 2007 |
| $0.32 | 3.73% | August 29, 2007 | August 31, 2007 | September 14, 2007 | August 16, 2007 |
| $0.32 | 3.64% | May 30, 2007 | June 01, 2007 | June 15, 2007 | May 11, 2007 |
| $0.32 | 3.71% | February 27, 2007 | March 01, 2007 | March 15, 2007 | February 12, 2007 |
| $0.305 | 3.73% | November 29, 2006 | December 01, 2006 | December 15, 2006 | November 06, 2006 |
| $0.305 | 4.46% | August 30, 2006 | September 01, 2006 | September 15, 2006 | August 03, 2006 |
| $0.305 | 4.61% | May 30, 2006 | June 01, 2006 | June 15, 2006 | May 15, 2006 |
| $0.305 | 4.55% | February 27, 2006 | March 01, 2006 | March 15, 2006 | February 13, 2006 |
| $0.275 | 4.61% | November 29, 2005 | December 01, 2005 | December 15, 2005 | November 07, 2005 |
| $0.275 | 4.39% | August 30, 2005 | September 01, 2005 | September 15, 2005 | August 05, 2005 |
| $0.275 | 4.70% | May 27, 2005 | June 01, 2005 | June 15, 2005 | May 10, 2005 |
| $0.275 | 4.13% | February 25, 2005 | March 01, 2005 | March 15, 2005 | February 11, 2005 |
| $0.25 | 3.32% | November 29, 2004 | December 01, 2004 | December 15, 2004 | November 08, 2004 |
| $0.25 | 2.39% | August 30, 2004 | September 01, 2004 | September 15, 2004 | August 13, 2004 |
| $0.25 | 1.32% | May 27, 2004 | June 01, 2004 | June 15, 2004 | May 04, 2004 |
| $0.1875 | 1.13% | February 26, 2004 | March 01, 2004 | March 15, 2004 | February 10, 2004 |
Dividend Growth
Compass Minerals International (CMP) dividend payments have grown 49.40% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for CMP
- Dividend Payout Ratio: -0.06% Low risk
- Dividend & Capex Coverage Ratio: 0.11x Weak coverage
- Dividend Frequency: Quarterly
- Recent Dividend Growth: 0.49% Positive
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Compass Minerals International's payout ratio is -0.06% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 0.11x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio below 1.0x indicates Compass Minerals International may need to use cash reserves or debt to fund dividends and investments, which could be unsustainable long-term.
Compass Minerals International's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
Compass Minerals International's dividend growth rate of 0.49% is positive but modest, indicating steady but cautious dividend policies.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.