The companys Board of Directors recently approved a two-for-one stock split. How was this split structured?
On June 27, 2006, Monsanto Company’s Board of Directors approved a two-for-one split of the company’s common stock. The split was structured in the form of a stock dividend and is payable on July 28, 2006, to shareowners of record at the close of business on July 7, 2006, with respect to the shares outstanding at such time.
