Deere (DE) Raises Quarterly Dividend 10.9% to $0.51; 2.3% Yield

Deere & Company (NYSE: DE) declared a quarterly dividend of $0.51 per share, or $2.04 annualized. This is a 10.9% increase from the prior dividend of $0.46.

The dividend will be payable on May 1, 2013, to stockholders of record on March 28, 2013, with an ex-dividend date of March 26, 2013.

The annual yield on the dividend is 2.3 percent.

"Our dividend increase reflects our confidence in our long term cash flows. Deere is well-positioned to benefit from major trends that we continue to believe hold great promise for the company and its customers and investors," said Samuel R. Allen, chairman and chief executive officer. "We remain committed to our plans for profitably growing the company and returning cash to shareholders."

For a dividend history and other dividend-related data on Deere & Company (DE) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Sysco Corp. (SYY) Raises Quarterly Dividend 2% to $0.51; 2.6% Yield
• 1st Source Corp (SRCE) Raises Quarterly Dividend 6.3% to $0.34; 2.7% Yield
• Comfort Systems USA (FIX) Raises Quarterly Dividend 20% to $0.30; 0.4% Yield