Mosaic Co Announces Quarterly Dividend of $0.05 (NYSE:MOS)

Mosaic Co (NYSE:MOS) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.05 per share by the basic materials company on Thursday, December 19th. This represents a $0.20 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, December 4th.

MOS opened at $19.05 on Monday. The business has a 50 day moving average price of $19.90 and a two-hundred day moving average price of $21.43. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 0.44. The company has a market cap of $7.22 billion, a PE ratio of 8.99, a P/E/G ratio of 5.18 and a beta of 1.62. Mosaic has a 52 week low of $17.36 and a 52 week high of $37.33.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. As a group, sell-side analysts expect that Mosaic will post 0.53 EPS for the current fiscal year.

In other news, Director William T. Monahan purchased 2,360 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $21.15 per share, for a total transaction of $49,914.00. Following the acquisition, the director now directly owns 39,235 shares in the company, valued at approximately $829,820.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.51% of the company’s stock.

Several analysts have commented on the company. Consumer Edge assumed coverage on Mosaic in a research note on Monday, September 23rd. They set an “equal weight” rating and a $22.00 price objective for the company. ValuEngine raised Mosaic from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. CIBC reiterated a “buy” rating and set a $25.00 target price on shares of Mosaic in a research report on Thursday, November 7th. Royal Bank of Canada dropped their target price on Mosaic from $32.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, September 27th. They noted that the move was a valuation call. Finally, Cowen dropped their target price on Mosaic from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.63.

About Mosaic

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 International Distribution. 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.

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Dividend History for Mosaic (NYSE:MOS)

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