ST. LOUIS--(BUSINESS WIRE)--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.
About Monsanto Company
Monsanto is committed to bringing a broad range of solutions to help nourish our growing world. We produce a variety of seeds ranging from fruits and vegetables to key crops – such as corn, soybeans, and cotton – that help farmers produce abundant and nutritious food. We work to find sustainable agriculture solutions that help farmers conserve natural resources, use data to improve farming practices, use water and other important resources more efficiently, and protect their crops from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world’s biggest challenges. To learn more about Monsanto, our commitments and our more than 20,000 dedicated employees, please visit: discover.monsanto.com and monsanto.com. Follow our business on Twitter® at twitter.com/MonsantoCo, on the company blog, Beyond the Rows® at monsantoblog.com or subscribe to our News Release RSS Feed.
Cautionary Statements Regarding Forward-Looking Information:
Certain statements contained in this release are “forward-looking statements,” such as statements concerning the company’s anticipated financial results, current and future product performance, regulatory approvals, business and financial plans and other non-historical facts. These statements are based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company’s actual performance and results may differ materially from those described or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: continued competition in seeds, traits and agricultural chemicals; the company’s exposure to various contingencies, including those related to intellectual property protection, regulatory compliance and the speed with which approvals are received, and public acceptance of biotechnology products; the success of the company’s research and development activities; the outcomes of major lawsuits and the previously-announced SEC investigation; developments related to foreign currencies and economies; successful operation of recent acquisitions; fluctuations in commodity prices; compliance with regulations affecting our manufacturing; the accuracy of the company’s estimates related to distribution inventory levels; the recent increases in and expected higher levels of indebtedness; the company’s ability to obtain payment for the products that it sells; the effect of weather conditions, natural disasters and accidents on the agriculture business or the company’s facilities; and other risks and factors detailed in the company’s most recent periodic report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this release. The company disclaims any current intention or obligation to update any forward-looking statements or any of the factors that may affect actual results.
Billy Brennan, 314-694-3665