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Israel Chemicals proposes lower YOY dividend after Q2 profit takes plunge

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Israel Chemicals proposes lower YOY dividend after Q2 profit takes plunge

Israel Chemicals Ltd.'s board on Aug. 3 proposed a second-quarter dividend of about US$32 million, or 2.45 U.S. cents per share, after its net income for the period plunged 52.5% year over year to US$57 million.

In comparison, the company proposed a payout of US$60 million, or about 5 cents per share, for the second quarter of 2016.

The dividend will be paid Sept. 13 to shareholders on record as of Aug. 29.