The Mosaic Company (NYSE:MOS) announced 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/.