Monsanto Company Announces $1 Billion Share Repurchase Program
Underscoring its commitment to returning value to its shareowners, Monsanto Company (NYSE: MON) announced today that its Board of Directors has approved a new three-year share repurchase program and declared a quarterly dividend.
Monsanto's board authorized a new share repurchase program, effective July 1, 2012, for up to $1 billion of the company's common stock over a three-year period. The new program will commence at the completion of Monsanto's existing $1 billion share repurchase program, which was effective beginning in July 2010.
The Board of Directors also declared a quarterly dividend of 30 cents per share on the company's common stock. The dividend relates to the company's third quarter of its 2012 fiscal year and is payable on July 27, 2012 to shareowners of record on July 6, 2012.
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