The Mosaic Company Announces Increase in Dividend

The Mosaic Company (NYSE:MOS) announced its Board of Directors has given its consent to an increase to the Company’s annual dividend to $1.10 from $1.00 per share effective with the next declaration.

As quoted in the press release

Since late-2013, when legacy restrictions on share repurchases expired, and through February 6, 2015, Mosaic has returned $3.7 billion of capital to shareholders through share repurchases and dividends.

The declaration and payment of any future dividends is subject to approval by Mosaic’s Board of Directors and there is no assurance that any dividends will be declared in the future.

President and Chief Executive Officer Jim Prokopanko stated:

This increased commitment to shareholder dividends demonstrates our confidence that Mosaic will continue to generate strong cash flow across business cycles, and fulfills our stated intention to grow dividends as our business grows.

Click here for the full The Mosaic Company (NYSE:MOS) press release