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Chemical Week Magazine :: Business & Finance :: United States/Americas
Monsanto Plans $1-Billion Share Buyback
7:38 AM MDT | June 15, 2012 | â€”Vincent Valk
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 Monsantoâ€™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. â€œThe positive business results weâ€™ve achieved to date in 2012 are translating earnings into cash, which creates the opportunity to reinvest in our business...
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