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8/8/2012 8:13 AM ET

Monsanto Co. (MON: Quote) announced that its Board of Directors declared a quarterly dividend on its common stock of 37.5 cents per share, representing an increase of 25 percent. The dividend relates to the company's fourth quarter of its 2012 fiscal year and is payable on October 26, 2012 to shareowners of record on October 5, 2012.

"The increase in our quarterly dividend underscores this commitment to the shareowners of our company and supports our objective of maximizing shareowner value." said Pierre Courduroux, senior vice president and chief financial officer for Monsanto.

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