The Mosaic Company (MOS) to Distribute Quarterly Dividend of $0.22 on September 24th

The Mosaic Company (NYSE:MOS) announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.22 per share by the basic materials company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 10th.

Mosaic has raised its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Mosaic has a payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mosaic to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 70.4%.

Mosaic Stock Down 0.1%

Mosaic stock opened at $25.83 on Tuesday. The business’s 50-day moving average price is $22.79 and its 200 day moving average price is $23.88. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of -12.79, a price-to-earnings-growth ratio of 4.68 and a beta of 0.83. Mosaic has a 52 week low of $19.80 and a 52 week high of $36.99.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the company posted $0.51 earnings per share. Mosaic’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Mosaic will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on MOS. JPMorgan Chase & Co. decreased their target price on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. The Goldman Sachs Group dropped their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen cut shares of Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Scotiabank reissued an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Tuesday, May 19th. Finally, HSBC cut their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus target price of $27.17.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.