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Dividend Coverage: This Agriculture Company has an Annualized Dividend Payout of $2.16; Will Trade Ex-Dividend on October 05, 2017

ACCESSWIRE

LONDON, UK / ACCESSWIRE / October 4, 2017 / Pro-Trader Daily takes a closer look at Monsanto Co. (NYSE: MON) as the Company's stock will begin trading ex-dividend on October 05, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on October 04, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Today, PRO-TD covers ex-dividend news on MON. Get our free coverage by signing up at:

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Dividend Declared

On August 10, 2017, Monsanto announced that its Board of Directors declared a quarterly dividend on its common stock of $0.54 per share. The dividend relates to the Company's fourth quarter of its 2017 fiscal year and is payable on October 27, 2017, to shareowners of record on October 06, 2017.

Monsanto's indicated dividend represents a yield of 1.80% compared to the average dividend yield of 2.31% for the Basic Materials sector. Monsanto has reported dividend growth for seven straight years.

Dividend Insights

Monsanto has a dividend payout ratio of 43.15%, which indicates that the Company distributes approximately $0.43 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Monsanto is forecasted to report earnings of $5.50 for the next year, which is more than double compared to the Company's annualized dividend of $2.16.

At May 31, 2017, Monsanto had cash and cash equivalents worth $1.61 billion compared to $1.68 billion as on August 31, 2016. In the first nine months of the fiscal year 2017, the Company's net cash provided by operating activities was a source of approximately $690 million compared to $415 million in the same period in the fiscal year 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Monsanto

On September 05, 2017, The Climate Corporation, a subsidiary of Monsanto, announced that closing agreements have been signed to finalize AGCO's purchase of the Precision Planting LLC equipment business. In late July, the companies first announced the transaction. AGCO will now assume ownership of Precision Planting, continuing the development of innovative products that improve efficiency and productivity for farmers around the world. The terms of the agreement were not disclosed.

The Climate Corp. is also in the process of solidifying a global data connectivity agreement with AGCO that will enable connectivity between AGCO equipment and the Climate FieldView™ digital agriculture platform, allowing more farmers to easily get all their data in one place to manage inputs and measure the outcome of their agronomic decisions throughout the season.

AGCO will continue to support all existing Precision Planting dealers, activities, and agreements. The Climate Corporation's Climate FieldView platform will retain connectivity with Precision Planting's 20/20 SeedSense® monitor.

About Monsanto Co.

Monsanto, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments: Seeds and Genomics and Agricultural Productivity. Monsanto Company has a collaborative agreement with Novozymes to discover, develop, and produce microbial solutions. The Company was formerly known as Monsanto Ag Company and changed its name to Monsanto Company in March 2000. Monsanto was founded in 2000 and is headquartered in St. Louis, Missouri.

Stock Performance

At the closing bell, on Tuesday, October 03, 2017, Monsanto's stock marginally fell 0.53%, ending the trading session at $119.69. A total volume of 2.14 million shares have exchanged hands, which was higher than the 3-month average volume of 1.50 million shares. The Company's stock price rallied 1.42% in the last three months, 4.31% in the past six months, and 16.80% in the previous twelve months. Moreover, the stock surged 13.76% since the start of the year. The stock is trading at a PE ratio of 26.08 and has a dividend yield of 1.80%. The stock currently has a market cap of $52.51 billion.

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SOURCE: Pro-Trader Daily