Mosaic (MOS) declares a dividend of $0.20

Mosaic said on March 9, 2023 that its board of directors had declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Previously, the company paid $0.20 per share.

Shares must be purchased before the ex-div date of May 31, 2023 to be eligible for the dividend. Shareholders of record as of June 1, 2023 will receive payment on June 15, 2023.

At the current share price of $47.58/share, the stock’s dividend yield is 1.68%. Looking back five years and taking a sample each week, the average dividend yield was 0.87%, the lowest 0.27% and the highest 2.17%. The standard deviation of returns is 0.43 (n=237).

The current dividend yield is 1.87 standard deviations above the historical average.

Additionally, the company’s dividend payout ratio is 0.09. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is 4.00%, demonstrating that it has increased its dividend over time.

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Analyst price forecast suggests 18.05% upside

As of March 14, 2023, the one-year average price target for Mosaic was $56.17. The forecast ranges from a low of $41.41 to a high of $81.90. The average price target represents an increase of 18.05% from its last reported closing price of $47.58.

Check out our ranking of companies with the biggest upward price target.

Mosaic’s projected annual revenue is $16,841 million, a decrease of 11.94%. Projected annual non-GAAP EPS is $10.12.

What is fund sentiment?

There are 1599 funds or institutions reporting positions in Mosaic. This is an increase of 21 owner(s) or 1.33% over the last quarter. Average portfolio weight of all funds dedicated to MOS is 0.30%, a decrease of 13.38%. The total number of shares held by institutions has increased over the past three months by 1.18% to 329,802,000 shares. The MOS put/call ratio is 0.61, indicating a bullish outlook.

What do major shareholders do?

Capital World Investors holds 22,556,000 shares representing 6.70% ownership of the company. In its previous filing, the company stated that it holds 16,084,000 shares, representing
a raise
of 28.69%. The company

increase

its portfolio allocation in MOS of 20.86% over the last quarter.

ANCFX – AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 15,702K shares representing 4.67% ownership of the company. In its previous filing, the company stated that it holds 10,297,000 shares, representing
a raise
of 34.42%. The company

increase

its portfolio allocation in MOS of 27.98% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 10,350,000 shares representing 3.08% ownership of the company. In its previous filing, the company stated that it holds 10,295,000 shares, representing
a raise
by 0.53%. The company

decreases

its portfolio allocation in MOS of 15.73% over the last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares owns 7,917,000 shares representing 2.35% ownership of the company. In its previous filing, the company said it held 7,951,000 shares, representing
a decrease
by 0.42%. The company

decreases

its portfolio allocation in MOS of 16.98% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares owns 7,871,000 shares representing 2.34% ownership of the company. In its previous filing, the company stated that it holds 7,827,000 shares, representing
a raise
by 0.56%. The company

decreases

its portfolio allocation in MOS of 15.91% over the last quarter.

Mosaic basic information
(This description is provided by the company.)

The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash nutrients. Mosaic is a one-stop supplier of phosphate and potassium fertilizers and feed ingredients to the global agricultural industry.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.