St. Louis, Missouri
August 7, 2007
Monsanto Company (NYSE: MON) today announced that its Board
of Directors declared an increase in the quarterly dividend on
its common shares from 12.5 cents per share to 17.5 cents per
share, or an increase of 40 percent. The dividend is payable on
Oct. 26, 2007, to shareowners of record on Oct. 5, 2007.
"This represents the largest increase of our quarterly dividend
in Monsanto's history as a company completely focused on
agriculture, and it further reinforces our commitment to return
value to our shareowners," said Terry Crews, Executive Vice
President and Chief Financial Officer of Monsanto.
The dividend relates to the company's fourth quarter of its 2007
fiscal year.
Since Monsanto was spun off as an
independent company in August 2002, its Board of Directors has
raised the dividend six times, an increase of nearly 200
percent.
Monsanto Company is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality. |
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