The Mosaic Company (MOS) To Go Ex-Dividend on March 9th

The Mosaic Company (NYSE:MOS) announced a quarterly dividend on Friday, December 19th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.22 per share by the basic materials company on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, March 9th.

Mosaic has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Mosaic has a payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

NYSE MOS opened at $26.30 on Friday. The company’s 50 day moving average is $27.45 and its 200-day moving average is $28.55. The firm has a market cap of $8.35 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.54 and a beta of 0.95. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. Sell-side analysts predict that Mosaic will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Mosaic

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after buying an additional 461,524 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Mosaic by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,407,136 shares of the basic materials company’s stock valued at $322,979,000 after acquiring an additional 830,985 shares during the last quarter. State Street Corp lifted its holdings in shares of Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after acquiring an additional 240,146 shares during the last quarter. Invesco Ltd. grew its holdings in Mosaic by 28.9% during the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after purchasing an additional 2,653,969 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Mosaic by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after purchasing an additional 63,822 shares during the period. Institutional investors own 77.54% of the company’s stock.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.