Compass Minerals (CMP) will raise its quarterly dividend to $0.72 per share.

The increased dividend is payable March 15, 2017, to shareholders of record as of the close of business on March 1, 2017.

"I am pleased that, once again, Compass Minerals can return value directly to shareholders," said Fran Malecha, president and CEO of Compass Minerals. "This is a continued demonstration of confidence that our company is based on strong fundamentals and has the strategy in place to drive future growth."

Compass Minerals International, Inc. is a holding company. Compass is a provider of minerals, including salt for winter roadway safety and other consumer, industrial and agricultural uses, and specialty plant nutrition minerals.