Monsanto's Board of Directors approves increase in quarterly dividend to 49 cents per share
St. Louis, Missouri, USA
August 5, 2014
Monsanto Company (NYSE: MON) announced today that its Board of Directors declared a quarterly dividend on its common stock of 49 cents per share. The dividend relates to the company’s fourth quarter of its 2014 fiscal year and is payable on October 31, 2014, to shareowners of record on October 10, 2014. As a key piece of Monsanto’s capital allocation priorities, the company has increased its dividend five times since the end of fiscal year 2010, for a cumulative increase of almost 85 percent over that time period.
“The increase in our quarterly dividend underscores our continued commitment of returning value to our shareowners,” said Pierre Courduroux, senior vice president and chief financial officer for Monsanto.
Courduroux noted that Monsanto’s capital allocation approach revolves around providing direct return through dividends and share repurchases, as well as using cash for strategic investments in our business. In June, Monsanto also announced a new two-year $10 billion share repurchase authorization, including $6 billion in a near-term accelerated share repurchase program.
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Website: http://www.monsanto.com Published: August 5, 2014 |
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