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

The Mosaic Company (NYSE:MOS) announced a quarterly dividend on Thursday, March 5th. Investors of record on Thursday, May 21st will be given a dividend of 0.22 per share by the basic materials company on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, May 21st.

Mosaic has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 7 years. Mosaic has a payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Mosaic to earn $2.20 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 40.0%.

Mosaic Price Performance

MOS opened at $26.29 on Friday. The stock’s 50-day moving average price is $27.41 and its 200 day moving average price is $28.60. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 1.52 and a beta of 0.95. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that Mosaic will post 2.04 earnings per share for the current year.

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.