Plymouth, Minn.-The Mosaic Co. said July 17 that its board of directors declared a quarterly dividend of $0.05 per share on the company’s common stock. The dividend will be paid Aug. 21, 2008, to stockholders of record as of the close of business on Aug. 7, 2008. “We are delighted to begin paying cash dividends to our stockholders,” stated Jim Prokopanko, president and CEO. “After recently achieving investment grade status, implementing a dividend policy represents another significant milestone for Mosaic. Our substantial free cash flow allows us to pursue growth opportunities while also returning cash to our stockholders.” The declaration and payment of any future dividends is subject to approval by Mosaic’s board. Mosaic said there can be no assurance that the board will declare future dividends.
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