Mosaic Co (MOS) will raise its quarterly dividend from $0.025 to $0.05 per share in 2019. This is the first dividend hike since 2015 by the fertilizer maker and follows a double dividend cut for a total of 90.9 percent to just 2.5 cents in 2017.

The next dividend will be paid on June 20, 2019, to stockholders of record as of the close of business on June 6, 2019. A new annual rate of 20 cents per share yields 0.9% at a stock price of $21.60.

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry.