Monsanto announces $2 billion share repurchase program, declares dividend

In Missouri, Monsanto announced a new three-year share repurchase program and declared a quarterly dividend. Monsanto’s board authorized a new share repurchase program, effective July 1, for up to $2 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 2012. The Board of Directors also declared a quarterly dividend of 37.5 cents per share on the company’s common stock. The dividend relates to the company’s third quarter of its 2013 fiscal year and is payable on July 26, to shareowners of record on July 5.

Category: Fuels