Mosaic Co (NYSE:MOS) announced a quarterly dividend on Thursday, December 14th, RTT News reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.025 per share by the basic materials company on Thursday, March 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%.

Mosaic has increased its dividend payment by an average of 3.2% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Mosaic has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mosaic to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 9.1%.

Shares of Mosaic (NYSE MOS) traded up $0.21 during midday trading on Thursday, reaching $24.90. The company’s stock had a trading volume of 12,857,437 shares, compared to its average volume of 4,522,004. The stock has a market cap of $8,714.79, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.90. Mosaic has a 12 month low of $19.23 and a 12 month high of $34.36.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.18. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. Mosaic’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. equities analysts anticipate that Mosaic will post 1.01 earnings per share for the current year.

A number of brokerages have issued reports on MOS. Vertical Research raised Mosaic from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup lifted their price target on Mosaic from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Royal Bank of Canada reaffirmed a “hold” rating on shares of Mosaic in a report on Wednesday, October 18th. Cowen lifted their price target on Mosaic from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, November 22nd. Finally, BMO Capital Markets lifted their price target on Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Mosaic currently has a consensus rating of “Hold” and an average price target of $24.07.

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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.

Dividend History for Mosaic (NYSE:MOS)

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