Mosaic Co (NYSE:MOS) announced a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Investors of record on Thursday, March 1st will be given a dividend of 0.025 per share by the basic materials company on Thursday, March 1st. This represents a $0.10 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, February 28th.
Mosaic has increased its dividend payment by an average of 3.2% per year over the last three years and has raised its dividend every year for the last 2 years. Mosaic has a payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. 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%.
Mosaic (NYSE MOS) traded up $0.21 during mid-day trading on Friday, reaching $24.90. The company had a trading volume of 12,858,400 shares, compared to its average volume of 4,522,008. The stock has a market capitalization of $8,750.00, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. Mosaic has a 12-month low of $19.23 and a 12-month high of $34.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78.
Several research firms recently weighed in on MOS. Vertical Research upgraded Mosaic from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Citigroup boosted their price objective on Mosaic from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Royal Bank of Canada reiterated a “hold” rating on shares of Mosaic in a research note on Wednesday, October 18th. Cowen boosted their price objective on Mosaic from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, November 22nd. Finally, BMO Capital Markets boosted their price objective on Mosaic from $23.00 to $24.00 and gave the company a “market perform” rating in a research note 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.07.
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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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