Monsanto Company (NYSE: MON) announced that its Board of Directors, at a regularly scheduled meeting held today, declared a quarterly dividend on its common stock of 37.5 cents per share. The dividend is payable on April 26, 2013, to shareowners of record on April 5, 2013.
In other matters, Monsanto also announced that at its annual meeting held today, shareowners elected four members of its Board of Directors to new three-year terms:
- David L. Chicoine, Ph.D.
- Arthur H. Harper
- Gwendolyn S. King
- Jon R. Moeller
Shareowners also approved a proposal by the Board of Directors to amend the Amended and Restated Certificate of Incorporation of the Company to declassify the Board of Directors. The amendment will phase out the present three-year, staggered terms of directors and instead provide for the annual election of directors. Directors will be elected to one-year terms of office beginning at the company's 2014 Annual Meeting of Shareowners. Voting results on this and other matters will be included in the company's Form 8-K.