Monsanto Plans $1-Billion Share Buyback

Monsanto says its board of directors has authorized a three-year, $1-billion share repurchase program, to take effect on July 1. It will begin once Monsanto’s existing share repurchase program, also worth $1 billion, runs out. The previous share repurchase program was authorized in July 2010. Monsanto has also declared a 30 cts/share quarterly dividend, payable on July 27 to shareholders as of July 6. “The positive business results we’ve achieved to date in 2012 are translating earnings into cash, which creates the opportunity to reinvest in our business...

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