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

The Mosaic Company (NYSE:MOS) announced a quarterly dividend on Thursday, August 27th. Shareholders 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 of this dividend is Thursday, September 10th.

Mosaic has raised its dividend payment 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 payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Equities research 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%

Shares of NYSE:MOS opened at $23.79 on Friday. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of -11.77, a price-to-earnings-growth ratio of 4.37 and a beta of 0.82. Mosaic has a 1-year low of $19.80 and a 1-year high of $36.99. The company’s fifty day moving average is $22.34 and its two-hundred day moving average is $24.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm posted $0.51 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts anticipate that Mosaic will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 23,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the transaction, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. The trade was a 16.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC increased its position in Mosaic by 35.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock valued at $71,746,000 after acquiring an additional 785,057 shares during the period. California State Teachers Retirement System boosted its position in Mosaic by 22.2% during the 1st quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock worth $9,345,000 after acquiring an additional 66,608 shares during the period. Tejara Capital Ltd bought a new position in shares of Mosaic in the second quarter worth $1,301,000. Vanguard Group Inc. grew its stake in shares of Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after purchasing an additional 461,524 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Mosaic by 7.4% in the first quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock worth $63,418,000 after purchasing an additional 170,724 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

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.