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PLYMOUTH, Minn., July 17 /PRNewswire-FirstCall/ -- The Mosaic Company announced today 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 declaration and payment of any future dividends is subject to approval by the Mosaic's Board of Directors. There can be no assurance that the Company's Board of Directors will declare future dividends.

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at http://www.mosaicco.com/.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company's management and are subject to significant risks and uncertainties. These risks and uncertainties include but are not limited to the predictability of fertilizer, raw material, energy and transportation markets subject to competitive market pressures; changes in foreign currency and exchange rates; international trade risks; changes in government policy, including but not limited to governmental activities to address rising food and crop nutrient prices; changes in environmental and other governmental regulation; adverse weather conditions affecting operations in central Florida or the Gulf Coast of the United States, including potential hurricanes or excess rainfall; actual costs of asset retirement, environmental remediation, reclamation or other environmental regulation differing from management's current estimates; accidents and other disruptions involving Mosaic's operations, including brine inflows at its Esterhazy, Saskatchewan potash mine and other potential mine fires, floods, explosions, seismic events or releases of hazardous or volatile chemicals, as well as other risks and uncertainties reported from time to time in The Mosaic Company's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.