One AG company on the list is Monsanto MON. This producer of farm products announced April 16 a new three-year, $800 million buyback plan.
The new plan will begin once the company's current repurchase program is completed or October of 2009, whichever comes first. The St. Louis-based company is more than half way through its current buyback and has repurchased a total of $429 million in common stock.
The company decided to return additional cash back to its shareholders by increasing its quarterly dividend 40% to 17.5 cents a share. Shareholders should also be happy that Monsanto's stock has increased more than 100% in the past year.
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