Mosaic Co Declares Quarterly Dividend of $0.03 (MOS)
Mosaic Co (NYSE:MOS) announced a quarterly dividend on Tuesday, October 31st, RTT News reports. Investors of record on Thursday, December 7th will be paid a dividend of 0.025 per share on Thursday, December 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Wednesday, December 6th.
Mosaic has raised its dividend payment by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 2 years. Mosaic has a payout ratio of 75.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, October 31st. The company reported C$0.43 EPS for the quarter, topping the consensus estimate of C$0.25 by C$0.18. Mosaic had a return on equity of 4.03% and a net margin of 5.20%. The company had revenue of C$1.98 billion for the quarter, compared to analysts’ expectations of C$1.93 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis.
In other Mosaic news, Director Robert L. Lumpkins acquired 7,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of C$19.94 per share, with a total value of C$139,580.00. Following the completion of the transaction, the director now directly owns 9,339 shares in the company, valued at approximately C$186,219.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Several equities research analysts have issued reports on MOS shares. Morgan Stanley lowered their price target on Mosaic from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Royal Bank Of Canada decreased their price objective on Mosaic to C$23.00 and set a “sector perform” rating for the company in a report on Thursday, August 3rd. Zacks Investment Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and set a $27.00 price objective on shares of Mosaic in a report on Friday, July 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $25.00 price objective on shares of Mosaic in a report on Friday, September 8th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Mosaic presently has an average rating of “Hold” and a consensus price target of C$23.91.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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