Monsanto Company Announces $1 Billion Share Repurchase Program, Declares Dividend

Monsanto Company announced 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 Monsanto'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 $0.3 per share on Monsanto's common stock. The dividend relates to Monsanto's third quarter of its 2012, fiscal year and is payable on July 27, 2012, to shareowners of record on July 6, 2012.