Compass Minerals (NYSE:CMP) announced today that its board of directors has increased the company’s quarterly dividend by 10 percent to $0.545 per share effective with its dividend payable March 15, 2013, to shareholders of record as of the close of business on March 1, 2013.
“Compass Minerals once again demonstrated the underlying strength of our salt and specialty fertilizer businesses despite the effects of persistently mild winter weather on our 2012 results,” said Fran Malecha, Compass Minerals president and CEO. “In choosing to increase our dividend for the tenth consecutive year, the board recognizes that our strong business fundamentals allow us to deliver tangible value to our shareholders while continuing to invest in the long-term future of our company.”
About Compass Minerals
Based in the Kansas City metropolitan area, Compass Minerals is a leading producer of minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. The company provides highway deicing salt to customers in North America and the United Kingdom and specialty fertilizer to growers worldwide. Compass Minerals also produces consumer deicing and water conditioning products, ingredients used in consumer and commercial foods, and other mineral-based products for consumer, agricultural and industrial applications. Compass Minerals also provides records management services to businesses throughout the U.K. For more information, visit www.compassminerals.comThis press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the company's current expectations and involve risks and uncertainties that could cause the company's actual results to differ materially. The differences could be caused by a number of factors including those factors identified in the "Risk Factors" sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q. The company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments.