Plymouth, Minn. — The Mosaic Co. said Dec. 17 that its board of directors has approved a change in the company’s fiscal year end – to Dec. 31 from May 31. Mosaic will complete its current fiscal year on May 31, 2013, and will then begin reporting quarterly results on a calendar-year basis with the quarter ending on Sept. 30, 2013. Mosaic will report results for a transition period of June 1 to Dec. 31, 2013. The company’s first full calendar reporting year will be 2014. "The change in our fiscal year better aligns our financial reporting cycle with our business activity and budgeting process," said Larry Stranghoener, CFO. "In addition, our financial reporting will be aligned with other companies in our industry, allowing investors and securities analysts to make more direct comparisons between our results and our peers’." In other news, on Dec. 13 the board declared a quarterly dividend of $0.25 per share on the company’s common stock. The dividend will be paid Feb. 21, 2013, to stockholders of record as of the close of business on Feb. 7, 2013.
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