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Monsanto announces $2-billion share buyback

2:45 PM MDT | June 6, 2013 | Rebecca Coons

Monsanto says its Board of Directors has approved a three-year share repurchase program for up to $2 billion of the company's common stock over a three-year period. The new program will commence 1 July, the completion of Monsanto's existing $1 billion share repurchase program. 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, 2013 to shareowners of record on July 5, 2013. Monsanto will release its...

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