Mosaic (MOS -2.8%) says it is deferring a project to add 2M metric tons/year of potash...

|About: The Mosaic Company (MOS)|By:, SA News Editor

Mosaic (MOS -2.8%) says it is deferring a project to add 2M metric tons/year of potash production capacity due to unfavorable market conditions. Also, MOS expects its recurring dividend per share to grow in-line with earnings, and says it favors repurchases over dividends to deploy surplus cash. It expects to meet updated liquidity and leverage targets within the next 12-24 months. (slide show)