Monsanto's (NYSE:MON) shareholder payout is growing like an enhanced stalk of wheat. For its fiscal Q4 2013, the company has declared a common stock dividend of $0.43 per share, to be paid on October 25 to shareholders of record as of October 4. That amount is $0.055, or 15%, higher than the company's previous payout of $0.375, which was dispensed late last month.
In the press release announcing the news, the firm pointed out that it has increased its distribution four times since the end of its fiscal 2010. Over that time, the payout has climbed from $0.265 per share to the present level.
The just-declared dividend annualizes to $1.72 per share. That yields 1.8% at Monsanto's most recent closing stock price of $95.02.
Fool contributor Eric Volkman has no position in Monsanto, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.