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Mosaic May Need to Use Cash to Increase Its Dividend

Mosaic Co., the U.S. fertilizer maker formed by a Cargill Inc. unit merger, may need to boost its dividend to satisfy investors who’ve been waiting for a payoff from its cash holdings.

The company, based in Plymouth, Minnesota, has $1 of cash for every $4 of assets on its balance sheet, according to Bloomberg data. That’s double the cash-to-assets ratio of Warren Buffett’s Berkshire Hathaway Inc., which this week unveiled its first share buyback in four decades.