This week, I’m seeking the second robust dividend-paying stock from the basic materials business sector for my Ivy portfolio.
That basic materials sector has thirteen industries all related to mining, making, and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals; gold; paper; silver; specialty chemicals; steel.
Today I’m reviewing a small-cap industrial metals and minerals company, named Compass Minerals International Inc. Its trading ticker symbol is CMP. I last reported on this company on September 13th as a candidate for the Safari portfolio.
Compass Minerals International Inc. is in the mining industry. It produces minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride.
Back to the salt mines!
The company sells products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America.
The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products. This segment provides products for use as a deicer for roadways, consumer, and professional use; as an ingredient in chemical production; for water treatment, human, and animal nutrition; and for other consumer and industrial uses.
The Plant Nutrition North America segment offers sulfate of potash specialty fertilizers in various grades, including agricultural products. This segment provides its products to distributors and retailers of crop inputs, as well as growers.
The Plant Nutrition South America segment offers various specialty plant nutrients and supplements; water and wastewater treatment chemicals for cleaning, decontaminating, and purifying water; and process chemicals for industrial use.
The company was formerly known as Salt Holdings Corporation and changed its name to Compass Minerals International, Inc. in December 2003.
