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

The Mosaic Company (NYSE:MOS) declared a quarterly dividend on Thursday, March 5th. Stockholders 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%per year over the last three years and has increased 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. Equities 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

Mosaic stock opened at $26.29 on Friday. The stock has a market capitalization of $8.34 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.52 and a beta of 0.95. The company’s fifty day moving average price is $27.41 and its 200 day moving average price is $28.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. Mosaic has a 1 year low of $22.36 and a 1 year high of $38.23.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.Mosaic’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. As a group, equities research analysts anticipate that Mosaic will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MOS. Fiduciary Alliance LLC bought a new position in shares of Mosaic in the third quarter worth about $1,969,000. Hussman Strategic Advisors Inc. acquired a new position in Mosaic in the third quarter valued at about $2,913,000. Scotia Capital Inc. raised its stake in shares of Mosaic by 395.1% in the second quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock valued at $3,194,000 after acquiring an additional 69,873 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Mosaic by 65.7% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock worth $5,682,000 after acquiring an additional 62,338 shares during the last quarter. Finally, Gradient Investments LLC bought a new position in shares of Mosaic in the third quarter valued at about $12,678,000. 77.54% of the stock is owned by institutional investors and hedge funds.

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.