The Mosaic Company Announces Quarterly Dividend of $0.22 (NYSE:MOS)

The Mosaic Company (NYSE:MOS) announced a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Stockholders of record on Thursday, June 5th will be paid a dividend of 0.22 per share by the basic materials company on Thursday, June 19th. This represents a $0.88 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Thursday, June 5th.

Mosaic has increased its dividend payment by an average of 45.1% annually over the last three years. Mosaic has a dividend payout ratio of 39.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Mosaic to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 40.0%.

Mosaic Trading Down 1.9 %

NYSE:MOS opened at $27.83 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market cap of $8.82 billion, a P/E ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34. Mosaic has a 12-month low of $22.48 and a 12-month high of $33.44. The stock’s 50 day simple moving average is $26.54 and its 200-day simple moving average is $26.17.

Wall Street Analyst Weigh In

MOS has been the topic of a number of research analyst reports. Piper Sandler raised their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Mizuho dropped their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $27.00 to $33.00 in a report on Wednesday. Scotiabank boosted their price target on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.67.

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 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.