Plymouth, Minn. — The Mosaic Co. said May 14 that its board of directors approved a new share repurchase authorization in the amount of $1.5 billion, allowing Mosaic to repurchase Class A or common shares through open market purchases, accelerated share repurchase arrangements, privately negotiated transactions, or otherwise. Additionally, the board declared a quarterly dividend of $0.275 per share on the company’s common stock, which is an increase from the previous quarterly dividend of $0.25.
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