OVERLAND PARK, Kan.--(BUSINESS WIRE)--The board of directors of Compass Minerals (NYSE: CMP), a leading global essential minerals company, has declared a quarterly cash dividend of $0.72 per share, marking the 66th consecutive quarter the company has paid a dividend to its shareholders. This dividend is payable June 15, 2020, to shareholders of record as of the close of business on June 1, 2020.
“Our board’s continued commitment to a dividend in the current environment demonstrates the resilience of our company as well as confidence in both our near-term outlook and the long-term progress we are making across our operations through our enterprise-wide optimization effort,” said Compass Minerals president and CEO Kevin S. Crutchfield. “Despite global economic challenges stemming from COVID-19, Compass Minerals remains firmly on course to deliver strong earnings growth and increased shareholder value in 2020.”
About Compass Minerals
Compass Minerals is a leading provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. Its salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial and agricultural applications. Its plant nutrition business manufactures an innovative and diverse portfolio of products that improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, its specialty chemical business serves the water treatment industry and other industrial processes. The company operates 21 production and packaging facilities with more than 3,000 personnel throughout the U.S., Canada, Brazil and the U.K. Visit compassminerals.com for more information about the company and its products.
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 outlook, progress across operations and ability to deliver earnings growth and shareholder value. 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) any impact of the COVID-19 pandemic, (ii) weather conditions, (iii) pressure on prices and impact from competitive products, (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 strategic priorities or its cost saving or enterprise optimization initiatives, and (vi) the outcome of the company’s strategic evaluation of the Plant Nutrition South America business. 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, 2019 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 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.