Israel Chemicals Weighs $500m Dividend as 2Nd-qtr Net Plunges

Management also plans to list on an overseas stock exchange that offers higher valuations

Israel Chemicals reported a 23% drop in net profit yesterday and said it was weighing a one-time dividend or stock buyback program of up to $500 million and a share listing overseas. The company also unveiled a strategic plan that would expand its offerings into agriculture, food and engineered materials.