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Monsanto Board of Directors increases quarterly dividend to 17.5 cents per share

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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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