The Mosaic Company (NYSE:MOS) Shareholders to Receive $0.22 Quarterly Dividend

The Mosaic Company (NYSE:MOS) declared a quarterly dividend on Thursday, October 22nd. Investors 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 is Friday, December 4th.

Mosaic has raised its dividend by an average of 0.3% annually over the last three years and has raised its dividend every year for the last 7 years. Mosaic has a dividend 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 Stock Down 0.1%

Shares of NYSE:MOS opened at $17.26 on Friday. The stock’s 50-day moving average price is $22.59 and its two-hundred day moving average price is $22.69. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. Mosaic has a 12-month low of $16.99 and a 12-month high of $32.25. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of -8.56, a PEG ratio of 5.11 and a beta of 0.91.

Mosaic (NYSE:MOS) last posted its quarterly earnings data 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. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, research 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.