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.
For comments and feedback: editorial@rttnews.com