The Mosaic Company (NYSE:MOS) Declares Quarterly Dividend of $0.22

The Mosaic Company (NYSE:MOS) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, December 4th will be given a dividend of $0.22 per share by the basic materials company on Friday, December 18th. This represents a $0.88 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, December 4th.

Mosaic has raised its dividend by an average of 0.3% annually 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. Analysts expect Mosaic to earn $1.17 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 75.2%.

Mosaic Trading Down 2.6%

NYSE MOS opened at $17.22 on Friday. The firm has a market cap of $5.47 billion, a PE ratio of -8.53, a price-to-earnings-growth ratio of 5.11 and a beta of 0.91. Mosaic has a 1-year low of $16.99 and a 1-year high of $32.25. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $22.59 and a 200-day moving average of $22.69.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%. Mosaic’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. As a group, sell-side analysts forecast that Mosaic will post 0.34 EPS for the current year.

Mosaic Company Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.