Mosaic Co. on May 23 declared a quarterly dividend of 5 cents per share, double the dividend of 2.5 cents per share paid out in the previous six quarters.

The dividend will be paid on June 20 to shareholders on record as of June 6.

The company's attributable net income increased 209.2% year over year in the first quarter to US$130.8 million, or 34 cents per share, from US$42.3 million, or 11 cents per share.