ICL Group Ltd
ICLBasic Materials · Agricultural Inputs · Stock · quarterly payer
Forward Yield
4.29%
Annual Dividend
$0.21
Payout Ratio
79%
5-Yr Growth
12.5%
Ex-Date
Sep 2, 2026
Frequency
Quarterly
Key facts about ICL's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, ICL Group Ltd (ICL) has a forward dividend yield of 4.29%, based on an annual dividend of $0.21 per share and a share price of $4.79.
- As of Oct 27, 2026, ICL's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
- ICL last cut its regular dividend in 2024.
- ICL's most recent ex-dividend date was Sep 2, 2026, for a dividend of $0.0580 per share.
- As of Oct 27, 2026, ICL pays out 79% of its trailing 12-month earnings as dividends (its payout ratio).
- ICL's dividend has grown at an average rate of 12.5% a year over the past five years.
- As of Oct 27, 2026, ICL's 4.29% yield is 11% below its five-year average yield of 4.81%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for ICL is $6.60 per share, 38% above the $4.79 share price, so ICL screens as undervalued.
- ICL Group Ltd (ICL) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "ICL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/ICL
Summary
As of Oct 27, 2026, ICL Group Ltd (ICL) yields 4.29% ($0.21 a year per share) and has a dividend safety grade of C (54/100).
Is ICL a good dividend stock?
MixedICL Group Ltd (ICL) pays a quarterly dividend yielding 4.29% ($0.21/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 12.5% 5-yr dividend growth
Risks
- Cut its dividend in 2024
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.29%
- Payout Ratio
- 79%
- Annual Dividend
- $0.21
- 5-Yr Avg Growth
- 12.5%
- Ex-Dividend Date
- Sep 2, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.05
- Market Cap
- $6.2B
- P/E Ratio
- 20.0
- 5-Yr Total Return
- -45%
- 52-Week Range
- $4.63 – $6.97
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2024)
ICL dividend changes
ICL Group Ltd (ICL) pays a variable dividend: across the 50 payments on record since 2006, 22 were higher than the one before and 15 lower. The latest change was up 9.4% to $0.0580 per share, going ex-dividend on Sep 2, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 2, 2026 | Higher | $0.0530 → $0.0580 | +9.4% |
| Jun 2, 2026 | Higher | $0.0470 → $0.0530 | +12.8% |
| Mar 10, 2026 | Higher | $0.0430 → $0.0470 | +9.3% |
| Jun 4, 2025 | Higher | $0.0400 → $0.0430 | +7.5% |
| Mar 12, 2025 | Lower | $0.0530 → $0.0400 | −24.5% |
| Dec 4, 2024 | Higher | $0.0490 → $0.0530 | +8.2% |
| Sep 4, 2024 | Higher | $0.0460 → $0.0490 | +6.5% |
| Jun 6, 2024 | Lower | $0.0480 → $0.0460 | −4.2% |
| Mar 14, 2024 | Lower | $0.0530 → $0.0480 | −9.4% |
| Dec 5, 2023 | Lower | $0.0630 → $0.0530 | −15.9% |
| Aug 30, 2023 | Lower | $0.113 → $0.0630 | −44.2% |
| May 31, 2023 | Lower | $0.138 → $0.113 | −18.1% |
Frequently Asked Questions
Is ICL a good dividend stock?
Mixed. ICL Group Ltd (ICL) pays a quarterly dividend yielding 4.29% ($0.21/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is ICL undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ICL's fair value is about $6.60 versus a $4.79 share price — so it looks undervalued (+38% vs. fair value).
Is ICL's dividend safe?
ICL has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.
What is ICL's fair value?
Our blended fair-value estimate for ICL is about $6.60 per share, roughly 38% above the current $4.79 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is ICL a buy, hold, or sell?
We don't issue formal ratings, but on the data ICL screens as "mixed" and undervalued. ICL Group Ltd (ICL) pays a quarterly dividend yielding 4.29% ($0.21/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will ICL cut its dividend?
ICL earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does ICL pay a dividend?
Yes. ICL Group Ltd pays a quarterly dividend of about $0.21 per share annually, a forward yield of roughly 4.29%.
What is ICL's dividend yield?
As of Oct 27, 2026, ICL's forward dividend yield is 4.29%, based on a $0.21 annual dividend and a $4.79 share price.
What is ICL's dividend per share?
As of Oct 27, 2026, ICL pays $0.21 per share per year, distributed on a quarterly basis.
What is ICL's dividend payout ratio?
As of Oct 27, 2026, ICL's payout ratio is 79% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has ICL grown its dividend?
ICL does not currently have a long dividend-growth streak on record.
When is the next ICL ex-dividend date?
As of Oct 27, 2026, ICL's next ex-dividend date hasn't been announced. The most recent was Sep 2, 2026, for $0.0580 per share.
ICL Price — Last 12 Months
Daily close
Price Return
1 Year
-15%
3 Years
-5%
5 Years
-45%
52-Week Range
$4.63 – $6.97
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ICL worth?
Undervaluedhigh confidenceOur blended fair-value estimate for ICL Group Ltd is $6.60 per share, versus a market price of $4.79. That implies 38% of upside — a margin of safety of about 27%.
Fair Value
$6.60
Current Price
$4.79
Upside
+38%
Margin of Safety
27%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 4.8% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.5% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $0.24 EPS, $0.21 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ICL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full ICL dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 2, 2026 | Sep 16, 2026 | $0.0580 | regular |
| Jun 2, 2026 | Jun 17, 2026 | $0.0530 | regular |
| Mar 10, 2026 | Mar 25, 2026 | $0.0470 | regular |
| Jun 4, 2025 | Jun 18, 2025 | $0.0430 | regular |
| Mar 12, 2025 | Mar 25, 2025 | $0.0400 | regular |
| Dec 4, 2024 | Dec 18, 2024 | $0.0530 | regular |
| Sep 4, 2024 | Sep 18, 2024 | $0.0490 | regular |
| Jun 6, 2024 | Jun 20, 2024 | $0.0460 | regular |
| Mar 14, 2024 | — | $0.0480 | regular |
| Dec 5, 2023 | — | $0.0530 | regular |
| Aug 30, 2023 | — | $0.0630 | regular |
| May 31, 2023 | — | $0.1130 | regular |
| Mar 1, 2023 | — | $0.1380 | regular |
| Nov 30, 2022 | — | $0.2440 | regular |
ICL Dividend News
ICL Group Raises Quarterly Dividend 9.43% to $0.058
ICL Group increased its quarterly dividend from $0.053 to $0.058 per share, with the shares trading ex-dividend on Sept. 2, 2026.
ICL Group Raises Quarterly Dividend 12.8% to $0.053
ICL Group lifted its quarterly dividend 12.8% to $0.053 a share after stronger first-quarter results, while its payout ratio currently stands at 79%.
Income Calculator
At $0.21 / yr per share
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