Mosaic Co (NYSE:MOS) announced a quarterly dividend on Tuesday, October 31st, RTT News reports. Stockholders of record on Thursday, December 7th will be given a dividend of 0.025 per share by the basic materials company on Thursday, December 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Wednesday, December 6th.
Mosaic has increased its dividend by an average of 3.2% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Mosaic has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Equities 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) opened at $23.70 on Tuesday. Mosaic has a fifty-two week low of $19.23 and a fifty-two week high of $34.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.90. The firm has a market capitalization of $8,523.47, a PE ratio of 23.80, a PEG ratio of 2.54 and a beta of 1.31.
Several equities analysts recently issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $23.00 price target (down previously from $25.00) on shares of Mosaic in a research report on Tuesday, August 8th. Stifel Nicolaus restated a “hold” rating and issued a $24.00 price target (down previously from $27.00) on shares of Mosaic in a research report on Tuesday, August 8th. Morgan Stanley dropped their price target on Mosaic from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, August 7th. Zacks Investment Research cut Mosaic from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, Cowen boosted their price target on Mosaic from $21.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Mosaic presently has a consensus rating of “Hold” and an average price target of $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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