Mosaic Raises Dividend 10% To $1.10

MarketWatch Pulse

Mosaic Co. said on Tuesday that it will raise its annual dividend 10% to $1.10 a share from $1. The fertilizer company's new dividend is expected to be effective in May 2015. "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," said Chief Executive Jim Prokopanko. The stock, which slipped 0.1% in premarket trade, has gained 3.8% year to date, while the S&P 500 has advanced 1.3%.

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