Monsanto Company (NYSE: MON) today announced that its Board of Directors declared a quarterly dividend on its common shares of 12.5 cents per share. The dividend is payable on July 27, 2007, to shareowners of record on July 6, 2007.

Monsanto also announced today that its Board of Directors has amended the company's Bylaws to provide for majority voting for directors in uncontested elections. In contested elections, directors will continue to be elected by a plurality vote, under which the nominees with the most affirmative votes are elected. Each incumbent director who is nominated for another term must submit an irrevocable resignation which will become effective if the director fails to receive a majority vote in an uncontested election, and the Board accepts the resignation.