The Mosaic Company to Issue Quarterly Dividend of $0.21 (NYSE:MOS)

The Mosaic Company (NYSE:MOS) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.21 per share by the basic materials company on Thursday, December 19th. This represents a $0.84 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, December 5th.

Mosaic has raised its dividend by an average of 58.7% annually over the last three years. Mosaic has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Mosaic to earn $2.01 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 41.8%.

Mosaic Stock Up 0.8 %

NYSE MOS traded up $0.20 on Thursday, reaching $26.32. The stock had a trading volume of 3,365,531 shares, compared to its average volume of 4,354,862. Mosaic has a 1 year low of $24.11 and a 1 year high of $38.30. The business has a 50 day moving average price of $26.37 and a 200 day moving average price of $27.96. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 1.62 and a beta of 1.35.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the firm earned $0.68 earnings per share. Mosaic’s revenue was down 20.8% compared to the same quarter last year. On average, analysts forecast that Mosaic will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MOS shares. Barclays lowered their price target on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Mizuho upped their price target on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company dropped their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.22.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.