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

The Mosaic Company (NYSE:MOS) declared a quarterly dividend on Friday, December 19th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.22 per share by the basic materials company on Thursday, March 19th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, March 9th.

Mosaic has increased its dividend by an average of 0.3%annually 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% 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

MOS stock opened at $26.30 on Friday. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.54 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The stock’s fifty day simple moving average is $27.45 and its 200-day simple moving average is $28.55.

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

Institutional Investors Weigh In On Mosaic

Several institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. increased its position in shares of Mosaic by 2.8% in the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock worth $447,000 after acquiring an additional 333 shares in the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of Mosaic by 2.0% during the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 380 shares in the last quarter. NewEdge Advisors LLC boosted its position in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the period. Foster Dykema Cabot & Partners LLC boosted its position in Mosaic by 54.3% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 407 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Mosaic by 57.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 415 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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.