Monsanto Co. (MON) said Thursday that its Board of Directors has authorized a new share repurchase program, effective July 1, 2013 for up to $2 billion of the company's common stock over a three-year period.
The new program will commence at the completion of Monsanto's existing $1 billion share repurchase program, which was effective beginning in July 2012.
The company also declared a quarterly dividend of $0.375 per share for the third quarter of its 2013 fiscal year, payable on July 26 to shareowners of record on July 5.
Monsanto also asid it will release its third quarter earnings on June 26.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.