The Mosaic Company (MOS) To Go Ex-Dividend on December 5th

The Mosaic Company (NYSE:MOS) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.21 per share by the basic materials company on Thursday, December 19th. This represents a $0.84 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, December 5th.

Mosaic has raised its dividend payment by an average of 58.7% annually over the last three years. Mosaic has a payout ratio of 33.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mosaic to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 40.4%.

Mosaic Stock Up 4.2 %

NYSE:MOS opened at $27.58 on Tuesday. The firm’s 50-day moving average price is $26.49 and its 200-day moving average price is $27.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. Mosaic has a 1-year low of $24.11 and a 1-year high of $38.30. The company has a market capitalization of $8.76 billion, a PE ratio of 24.40, a P/E/G ratio of 1.83 and a beta of 1.34.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities analysts predict that Mosaic will post 2.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on MOS. Mizuho upped their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Finally, Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.22.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.