The Mosaic Company (MOS) Tops Q4 EPS by 13c; to Cut Dividend

The Mosaic Company (NYSE: MOS) reported Q4 EPS of $0.26, $0.13 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.8 billion.

The Company announced a reduction in its targeted annual dividend to $0.60 per share, effective with the next declaration.

"Our fourth quarter results reflect strong market demand for potash and phosphates driven by improving market sentiment, as well as benefits from significant operational improvements,\" said Joc O\'Rourke, President and Chief Executive Officer. "Our cash production costs in Potash and our fourth quarter SG&A were at the lowest level in almost a decade.

"While we are confident the market bottom is behind us, the pace of improvement is expected to be gradual. As a reflection of our commitment to investors to maintain a strong financial position, we have reduced our annual dividend payout to $0.60 per share."

For earnings history and earnings-related data on The Mosaic Company (MOS) click here.

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