Global agricultural products supplier Monsanto (MON) has hiked it's dividend by 10% from $0.24 to $0.265 per share.
The fourty billion dollar agricultural firm is currently yielding 1.4%, and the stock is up 420% over the last five years. Agricultural suppliers are certainly an interesting investment area going forward as the amount of arable land is not increasing, therefore inputs and technology must improve yields for an ever-growing population.
Here is a glance at Monsanto's recent dividend activity:
2005 = $0.340
2006 = $0.400
2007 = $0.505
2008 = $0.830
2009 = $1.035
This represents a compound annual growth rate of the dividend of 32%.
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