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

Key Points

• Mosaic declared a quarterly dividend of $0.22 per share, payable September 24 to shareholders of record on September 10, implying an annualized dividend of $0.88 and a 3.7% yield.
• The company has raised its dividend for seven consecutive years, with a current payout ratio of 32.2%; analysts expect next year’s earnings to cover the dividend at an estimated 70.4% payout ratio.
• Mosaic’s latest quarterly EPS of $0.13 slightly exceeded expectations, but revenue fell 6% year over year to $2.82 billion, below the $3.10 billion consensus estimate.

The Mosaic Company (NYSE:MOS - Get Free Report) declared a quarterly dividend on Thursday, August 27th. Investors of record on Thursday, September 10th will be given a dividend of 0.22 per share by the basic materials company on Thursday, September 24th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, September 10th.

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% indicating that its dividend is sufficiently covered by earnings. 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 1.6%

Mosaic stock opened at $23.79 on Friday. Mosaic has a 1-year low of $19.80 and a 1-year high of $36.99. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of -11.77, a P/E/G ratio of 4.37 and a beta of 0.82. 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 firm has a 50 day simple moving average of $22.34 and a 200 day simple moving average of $24.12.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, analysts predict that Mosaic will post 0.54 earnings per share for the current year.

Mosaic Company Profile

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.

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