The Mosaic Company (MOS) Initiates Quarterly Dividend of $0.05
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The Mosaic Company (NYSE: MOS) announced 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 on August 21, 2008 to stockholders of record as of the close of business on August 7, 2008.
"We are delighted to begin paying cash dividends to our stockholders," stated Jim Prokopanko, President and Chief Executive Officer of Mosaic. "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 Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients.
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Dividend Payment
Shirley Strom on Jul 17, 2008 08:17 PMWhy didn't Mosaic wait 2 or 3 quarters and annouce a REAL Dividend