The Mosaic Company (NYSE:MOS) to Issue $0.22 Quarterly Dividend

The Mosaic Company (NYSE:MOS - Get Free Report) declared a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Stockholders of record on Thursday, June 5th will be given 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 3.23%. The ex-dividend date of this dividend is Thursday, June 5th.

Mosaic has raised its dividend payment by an average of 45.1% annually over the last three years. Mosaic has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 1.4 %

Mosaic stock traded down $0.39 during mid-day trading on Tuesday, reaching $27.25. 4,611,442 shares of the company's stock were exchanged, compared to its average volume of 4,291,423. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Mosaic has a twelve month low of $22.48 and a twelve month high of $33.44. The company has a market cap of $8.64 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a fifty day moving average of $26.56 and a 200-day moving average of $26.16.

Analysts Set New Price Targets

MOS has been the subject of a number of recent analyst reports. Scotiabank lifted their price target on Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 19th. Barclays raised Mosaic from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. CIBC started coverage on shares of Mosaic in a report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price for the company. Oppenheimer raised Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upgraded shares of Mosaic from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $32.67.

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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.