Dividend.com: Scotts Grows

Innophos Holdings Jumps Nearly 40% on Earnings Blowout

Phosphate producer Innophos Holdings(IPHS Quote) is up big today after beating analyst estimates by $2.01. Talk about an earnings blowout. Sales were up 74% for the quarter. The stock is having a big day, as you might imagine.

Innophos shares are having a fantastic year, up about 175%. Innophos has been able to implement price increases in February, April and June 2008, and recently announced additional price increases to go in effect Aug. 1. These price increases are expected to be fully realized by the fourth quarter of 2008, and expected to result in a revenue increase of 120% to 130% of 2007 annual sales, or approximately $695 million to $755 million on an annualized basis.

The company has a dividend yield of 2.32%, but that was based on last night's closing price of $29.37. The stock price has jumped much higher today, so the yield will decline significantly. ...