The Mosaic Company (NYSE:MOS) Shares Set to Pay Quarterly Dividend of $0.22

Key Points

• Mosaic declared a quarterly dividend of $0.22 per share, payable December 18 to shareholders of record on December 4. The dividend implies an annualized payout of $0.88 and a 5.1% yield.
• Mosaic has raised its dividend for seven consecutive years, with a current payout ratio of 32.2%; analysts expect the $0.88 annual dividend to remain covered by projected earnings.
• The company’s latest quarterly results showed adjusted EPS of $0.13, slightly above estimates, but revenue fell 6% year over year to $2.82 billion. Shares opened at $17.22, near the company’s 12-month low of $16.99.

The Mosaic Company (NYSE:MOS - Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders 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 dividend yield of 5.1%. The ex-dividend date is Friday, December 4th.

Mosaic has raised its dividend payment by an average of 0.3% per year 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% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

Shares of MOS opened at $17.22 on Friday. 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 company has a market capitalization of $5.47 billion, a price-to-earnings ratio of -8.53, a PEG ratio of 5.11 and a beta of 0.91. The stock has a 50 day moving average of $22.59 and a 200 day moving average of $22.69. Mosaic has a 12 month low of $16.99 and a 12 month high of $32.25.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $2.82 billion during 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 revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, sell-side analysts forecast that Mosaic will post 0.34 earnings per share 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.

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