Monsanto (NYSE:MON) declared a quarterly dividend on Wednesday, January 31st, RTT News reports. Shareholders of record on Friday, April 6th will be paid a dividend of 0.54 per share by the basic materials company on Friday, April 27th. This represents a $2.16 dividend on an annualized basis and a yield of 1.77%.
Monsanto has raised its dividend payment by an average of 6.7% per year over the last three years. Monsanto has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Monsanto to earn $6.45 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 33.5%.
Shares of Monsanto (MON) traded down $0.12 during mid-day trading on Wednesday, hitting $122.13. 1,178,516 shares of the stock were exchanged, compared to its average volume of 3,401,351. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28. The company has a market capitalization of $53,880.00, a price-to-earnings ratio of 22.56, a PEG ratio of 1.74 and a beta of 1.04. Monsanto has a twelve month low of $106.97 and a twelve month high of $123.15.
A number of analysts have recently commented on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research report on Wednesday, November 15th. Deutsche Bank reissued a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Macquarie lowered shares of Monsanto from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 4th. Wells Fargo & Co reissued a “market perform” rating and issued a $128.00 price objective (up previously from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a research report on Thursday, October 5th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $127.30.
In related news, EVP Steven Mizell sold 8,100 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total transaction of $966,735.00. Following the transaction, the executive vice president now directly owns 56,743 shares in the company, valued at $6,772,277.05. The sale was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.
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Monsanto Company Profile
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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