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

Mosaic Co (NYSE:MOS) declared a quarterly dividend on Friday, May 22nd, Wall Street Journal reports. Investors of record on Thursday, June 4th will be paid a dividend of 0.05 per share by the basic materials company on Thursday, June 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Mosaic has decreased its dividend by an average of 30.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Mosaic has a payout ratio of 125.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Mosaic to earn $0.52 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 38.5%.

Shares of Mosaic stock opened at $11.56 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 0.53. Mosaic has a 52 week low of $6.50 and a 52 week high of $25.70. The firm’s 50 day moving average is $11.26 and its two-hundred day moving average is $16.52.

Mosaic (NYSE:MOS) last posted its earnings results on Monday, May 4th. The basic materials company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Mosaic had a negative net margin of 15.91% and a negative return on equity of 0.53%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $0.25 EPS. The company’s revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that Mosaic will post 0.05 EPS for the current year.

In other Mosaic news, VP Bruce M. Bodine bought 5,500 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $12.44 per share, with a total value of $68,420.00. Also, CEO James Calvin O’rourke purchased 15,000 shares of Mosaic stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $11.92 per share, with a total value of $178,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares in the company, valued at $298,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 27,500 shares of company stock valued at $320,810. 0.48% of the stock is owned by insiders.

A number of analysts have recently commented on MOS shares. UBS Group reiterated a “buy” rating and set a $17.00 target price on shares of Mosaic in a research report on Tuesday, May 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $18.00 price target on shares of Mosaic in a research report on Wednesday, March 18th. Stifel Nicolaus reduced their price objective on Mosaic from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Susquehanna Bancshares lowered their target price on shares of Mosaic from $22.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. Finally, CIBC initiated coverage on shares of Mosaic in a report on Friday, February 21st. They issued a “buy” rating and a $25.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.00.

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 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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