The Mosaic Company (MOS) To Go Ex-Dividend on March 6th

The Mosaic Company (NYSE:MOS) declared a quarterly dividend on Monday, December 23rd, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.22 per share by the basic materials company on Thursday, March 20th. This represents a $0.88 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21.

Mosaic has raised its dividend payment by an average of 45.1% annually over the last three years. Mosaic has a dividend payout ratio of 38.4% meaning its dividend is sufficiently covered by earnings. Equities 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 2.4 %

Shares of Mosaic stock opened at $23.34 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. Mosaic has a 52-week low of $23.05 and a 52-week high of $33.44. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.42 and a beta of 1.34. The company’s 50 day moving average price is $26.21 and its 200-day moving average price is $26.39.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MOS. Morgan Stanley dropped their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Barclays lowered Mosaic from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $30.00 to $27.00 in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday. CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. Finally, JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $26.00 to $29.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus target price of $31.90.

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.