Monsanto Board Approves Increase in Quarterly Dividend to 49 Cents Per Share

  Monsanto Board Approves Increase in Quarterly Dividend to 49 Cents Per Share

Business Wire

ST. LOUIS -- August 5, 2014

Monsanto Company (NYSE: MON) announced today that its Board of Directors
declared a quarterly dividend on its common stock of 49 cents per share. The
dividend relates to the company’s fourth quarter of its 2014 fiscal year and
is payable on October 31, 2014, to shareowners of record on October 10, 2014.
As a key piece of Monsanto’s capital allocation priorities, the company has
increased its dividend five times since the end of fiscal year 2010, for a
cumulative increase of almost 85 percent over that time period.

“The increase in our quarterly dividend underscores our continued commitment
of returning value to our shareowners,” said Pierre Courduroux, senior vice
president and chief financial officer for Monsanto.

Courduroux noted that Monsanto’s capital allocation approach revolves around
providing direct return through dividends and share repurchases, as well as
using cash for strategic investments in our business. In June, Monsanto also
announced a new two-year $10 billion share repurchase authorization, including
$6 billion in a near-term accelerated share repurchase program.

About Monsanto Company

Monsanto is committed to bringing a broad range of solutions to help nourish
our growing world. We produce a variety of seeds ranging from fruits and
vegetables to key crops – such as corn, soybeans, and cotton – that help
farmers produce abundant and nutritious food. We work to find sustainable
agriculture solutions that help farmers conserve natural resources, use data
to improve farming practices, use water and other important resources more
efficiently, and protect their crops from pests and disease. Through programs
and partnerships, we collaborate with farmers, researchers, nonprofit
organizations, universities and others to help tackle some of the world’s
biggest challenges. To learn more about Monsanto, our commitments and our more
than 20,000 dedicated employees, please visit: discover.monsanto.com and
monsanto.com. Follow our business on Twitter® at twitter.com/MonsantoCo, on
the company blog, Beyond the Rows® at monsantoblog.com or subscribe to our
News Release RSS Feed.

Cautionary Statements Regarding Forward-Looking Information:

Certain statements contained in this release are “forward-looking statements,”
such as statements concerning the company’s anticipated financial results,
current and future product performance, regulatory approvals, business and
financial plans and other non-historical facts. These statements are based on
current expectations and currently available information. However, since these
statements are based on factors that involve risks and uncertainties, the
company’s actual performance and results may differ materially from those
described or implied by such forward-looking statements. Factors that could
cause or contribute to such differences include, among others: continued
competition in seeds, traits and agricultural chemicals; the company’s
exposure to various contingencies, including those related to intellectual
property protection, regulatory compliance and the speed with which approvals
are received, and public acceptance of biotechnology products; the success of
the company’s research and development activities; the outcomes of major
lawsuits and the previously-announced SEC investigation; developments related
to foreign currencies and economies; successful operation of recent
acquisitions; fluctuations in commodity prices; compliance with regulations
affecting our manufacturing; the accuracy of the company’s estimates related
to distribution inventory levels; the recent increases in and expected higher
levels of indebtedness; the company’s ability to obtain payment for the
products that it sells; the effect of weather conditions, natural disasters
and accidents on the agriculture business or the company’s facilities; and
other risks and factors detailed in the company’s most recent periodic report
to the SEC. Undue reliance should not be placed on these forward-looking
statements, which are current only as of the date of this release. The company
disclaims any current intention or obligation to update any forward-looking
statements or any of the factors that may affect actual results.

Contact:

Monsanto Company
Billy Brennan, 314-694-3665
 
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