Marks Nine Consecutive Years of Dividend Increases
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Feb. 13, 2012--
Compass Minerals (NYSE:CMP) announced today that its board of directors
has increased the company’s quarterly dividend by 10 percent to $0.495
per share effective with its dividend payable March 15, 2012, to
shareholders of record as of the close of business on March 1, 2012.
“This action by our board demonstrates Compass Minerals’ ongoing
commitment to deliver tangible value to our shareholders,” said Angelo
Brisimitzakis, Compass Minerals president and CEO. “With this dividend
increase, the board commends the company’s ability to overcome obstacles
such as the Goderich tornado and still deliver solid results including
strong cash flows that can support both an attractive dividend as well
as continued investment in our strategy for profitable, sustainable
growth.”
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.com.
This 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.
Source: Compass Minerals
Compass Minerals
Peggy Landon, 913-344-9315
Director of
Investor Relations and Corporate Communications