TAMPA, FL / ACCESSWIRE / January 13, 2025 / The Mosaic Company (NYSE:MOS) today announced that it has added Sonya C. Little and Kathleen M.
TAMPA, FL / ACCESSWIRE / January 13, 2025 / The Mosaic Company (NYSE:MOS) and Fosfatados Centro SPE Ltda (‘Fosfatados Centro') announced today that they have entered into an agreement for the sale of a phosphate asset owned by Mosaic located in Patos de Minas, Brazil. Upon the closing of the transaction, Fosfatados Centro will assume responsibility for the Patos de Minas mine and tailings dams and pay Mosaic $125 million (USD) in cash over six years.
MOS gains on healthy demand for phosphate and potash on the back of favorable agricultural market fundamentals amid pricing pressure.
OZK, PFBC and MOS recently announced dividend hikes.
Mosaic receives 111,012,433 shares of Ma'aden, valued at roughly $1.5 billion, by exchanging its 25% stake in MWSPC.
TAMPA, FL / ACCESSWIRE / January 2, 2025 / The Mosaic Company (NYSE:MOS) announced that it has completed the transaction with Saudi Arabian Mining Company (Ma'aden) to sell the interest it holds in Ma'aden Wa'ad Al Shamal Phosphate Company (MWSPC) and establish the company as a shareholder in Ma'aden. In this transaction, which closed on December 24, 2024, Mosaic received 111,012,433 shares of Ma'aden -valued at approximately $1.5 billion on the closing date - in exchange for Mosaic's 25 percent stake in MWSPC, previously a joint venture among Mosaic, Ma'aden and Saudi Basic Industries Corporation.
Mosaic witnesses a delay in Canpotex shipments in the first two months of the fourth quarter of 2024 due to Canadian rail and port strikes, impacting potash sales volumes.
Mosaic: Bullish Case Remains Strong Despite Q3 Miss, Tariff Concerns
TAMPA, FL / ACCESSWIRE / December 23, 2024 / The Mosaic Company (NYSE:MOS) today announced its combined October and November 2024 sales volumes and revenue by business segment. Potash Oct./Nov. 2024 Oct./Nov. 2023 Sales volumes (000 tonnes (1) ) 1,228 1,638 Sales revenues (million USD) $299 $506 Phosphates Oct./Nov. 2024 Oct./Nov. 2023 Sales volumes (000 tonnes (1) ) 946 1,019 Sales revenues (million USD) $680 $677 Mosaic Fertilizantes Oct./Nov. 2024 Oct./Nov. 2023 Sales Volumes (000 tonnes (1) ) 1,640 1,472 Sales Revenues (million USD) $823 $811 (1)Tonnes = finished product tonnes Phosphate sales volumes in the first two months of the fourth quarter of 2024 reflect the impact of lost production and shipments related to hurricanes Helene and Milton.
Mosaic Company shows strong growth potential despite recent declines in agrochemical prices due to China's economic slowdown, with a significant market presence in the US, Brazil, China, and India. The company has expanded its acres covered significantly, from 2 million in 2022 to 9 million in 2024, indicating robust market penetration. Despite revenue drops, MOS's gross margin improved, and share buybacks reduced outstanding shares, suggesting a solid margin of safety and upside potential.
The Federal Reserve's "higher for longer" stance on inflation and rates presents challenges but also opportunities in high-quality cyclical dividend growth stocks with strong balance sheets and pricing power. Energy and agriculture sectors, particularly companies like The Mosaic Company, tend to outperform during inflationary periods due to their critical roles in biofuel production and fertilizer supply. Mosaic's stock price closely tracks inflation, making it a valuable, albeit volatile, trading opportunity rather than a dividend portfolio staple.
TAMPA, FL / ACCESSWIRE / December 20, 2024 / The Mosaic Company (NYSE:MOS) announced today that its Board of Directors declared a quarterly dividend of $0.22 per share on the Company's common stock. The dividend will be paid on March 20, 2025, to stockholders of record at the close of business on March 6, 2025.