Thanks to 'I Want To Retire Soon' and 'Dividend Empire' I recently discovered a gem of a company that most of you probably haven't heard of before and I like what I see. Compass Minerals International (CMP) has only been a publicly traded company since 2003 but it's true origins date back to the 1800's!
Compass Minerals International, Inc. is engaged in the business of producing minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. It provides highway deicing salt to customers in North America and the United Kingdom and specialty fertilizer to growers and fertilizer distributors worldwide.
CMP has come down in price recently which has pushed the yield over 3% here. The dividend growth has been stellar with over 10 years of increases and a 5 year growth rate over 10%. EPS guidance looks strong and margins are expanding in the right direction.
I purchased 18 shares of CMP at $83.76.
CMP Basic Statistics
- Ticker Symbol: CMP
- P/E Ratio: 12.4
- Sector: Materials
- Yield: 3.2%
- Dividend Growth Rate: 11%
- Payout Ratio: 36%
- Market cap: $2.83 Billion
- Beta: .47
- Morningstar Fair Value: $94
- Value Line Target Price: $115
- Website: http://www.compassminerals.com