OVERLAND PARK, Kan.--(BUSINESS WIRE)--
The Board of Directors of Compass Minerals (NYSE: CMP) has approved a
quarterly dividend of $0.72 per share. This dividend is payable March
15, 2019, to shareholders of record as of the close of business on March
1, 2019.
“The Board of Directors continues to view our dividend as an important
component of our value proposition for investors,” said Dick Grant,
chairman of the Board and interim CEO of Compass Minerals. “Given our
expectations for 2019, we believe that the dividend at its current level
remains manageable.”
About Compass Minerals
Compass
Minerals is a leading provider of essential minerals that solve
nature’s challenges, including salt for winter roadway safety and other
consumer, industrial and agricultural uses, and specialty plant
nutrition minerals that improve the quality and yield of crops. The
company produces its minerals at locations throughout the U.S., Canada,
Brazil and the U.K., operating 22 production facilities and employing
more than 3,000 personnel worldwide. Compass Minerals’ mission is to be
the best essential minerals company by safely delivering where and when
it matters.
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including without limitation statements about the company’s expectations
for 2019 and dividend level. We use words such as “may,” “would,”
“could,” “should,” “will,” “likely,” “expect,” “anticipate,” “believe,”
“intend,” “plan,” “forecast,” “outlook,” “project,” “estimate” and
similar expressions suggesting future outcomes or events to identify
forward-looking statements or forward-looking information. 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 without limitation (i) weather conditions, (ii)
pressure on prices and impact from competitive products, (iii) any
inability by the company to fund necessary capital expenditures or
successfully implement any capital projects, (iv) foreign exchange rates
and the cost and availability of transportation for the distribution of
the company’s products, (v) any inability by the company to successfully
implement its cost-saving initiatives, and (vi) the effects of changes
in the company’s management. For further information on these and other
risks and uncertainties that may affect the company’s business, see the
“Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of the company’s Annual
Report on Form 10-K for the year ended December 31, 2018 to be filed
with the SEC. The company undertakes no obligation to update any
forward-looking statements made in this press release to reflect future
events or developments. Because it is not possible to predict or
identify all such factors, this list cannot be considered a complete set
of all potential risks or uncertainties.
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Compass Minerals
Investor Contact
Theresa Womble
Director
of Investor Relations
+1.913.344.9362
InvestorRelations@compassminerals.com
Source: Compass Minerals