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Monsanto Board Approves Dividend of 43 Cents Per Share



  Monsanto Board Approves Dividend of 43 Cents Per Share

Business Wire

ST. LOUIS -- December 9, 2013

Monsanto Company (NYSE: MON) today announced that its Board of Directors
declared a quarterly dividend on its common stock of 43 cents per share. The
dividend is payable on Jan. 31, 2014 to shareowners of record on Jan. 10,
2014. It relates to the first quarter of the company’s 2014 fiscal year.

“Our quarterly dividend continues Monsanto’s ongoing commitment to return
value to our shareowners,” said Pierre Courduroux, Monsanto chief financial
officer. “Over the last year, we’ve reinforced our commitment to use the
company’s strong cash-generating capabilities to support our key growth
objectives while also returning substantial value to our owners.”

Along with the company’s share repurchase program, dividends form an important
element of the company’s enhanced focus on progressive cash deployment.
Through its increased dividend and an enhanced share repurchase authorization,
in fiscal-year 2013 Monsanto returned approximately $1.9 billion to owners –
reflecting nearly the full amount of the company’s free-cash generation for
the year.

About Monsanto Company

Monsanto Company is a leading global provider of technology-based solutions
and agricultural products that improve farm productivity and food quality.
Monsanto remains focused on enabling both small-holder and large-scale farmers
to produce more from their land while conserving more of our world’s natural
resources such as water and energy. To learn more about our business and our
commitments, please visit: www.monsanto.com. Follow our business on Twitter^®
at www.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at
www.monsantoblog.com, or subscribe to our News Release RSS Feed.

Contact:

Monsanto Company
Sara Miller, 314-694-5824
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