Incitec Pivot Ltd T.IPL

Primary Symbol: ICPVF

Chemicals Basic Materials

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.

OTCPK:ICPVF - Post by User

Incitec Pivot Ltd > X Day is FRIDAY March 19th

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Comment by Albatrosson Mar 18, 2021 1:44pm

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Post# 32827210

RE:RE:RE:RE:X Day is FRIDAY March 19th

Please try not to spread misinformation. It's easy to reference charts and announcement dates.

The stock hit it's LOWEST around March 15th, 2020. The dividend cut was announced March 30th, 2020 AFTER the low. Following the announcement the share price went from around $7 April 1st to almost $11 by the end of April.

The dividend cut was a prudent move. Money is getting re-routed to prevent taking on more debt than necessary which could of caused a credit rating cut. Credit rating cut means your debt becomes more expensive.

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