Deere & Company Increases Dividend by 18%
Posted on Sunday, June 1, 2014
The Moline, Ill.-based Deere
& Company board of directors has
approved an increase of Deere’s
quarterly dividend to $.60 a share
on common stock. The dividend
is payable on August 1, 2014, to
stockholders of record on June 30,
2014.
The new quarterly rate represents
an increase of 9 cents per share,
approximately 18 percent, over the
previous level. This is the twelfth
increase to the Deere & Company
quarterly dividend in 10 years. Deere
last raised its dividend in February
2013.
“Deere is well-positioned to benefit
long-term from Global Trends that
hold great promise for the company’s
customers and investors,” says
Samuel R. Allen, chairman and CEO.
Visit www.deere.com.