Deere & Company (DE) Raises Quarterly Dividend 17.6% to $0.60; 2.6% Yield

Deere & Company (NYSE: DE) declared a quarterly dividend of $0.60 per share, or $2.4 annualized. This is a 17.6% increase from the prior dividend of $0.51.

The dividend will be payable on August 1, 2014, to stockholders of record on June 30, 2014, with an ex-dividend date of June 26, 2014.

The annual yield on the dividend is 2.6 percent.

"Deere is well-positioned to benefit long-term from global trends that hold great promise for the company's customers and investors," said Samuel R. Allen, chairman and chief executive officer. "Our dividend increase reflects our confidence in Deere & Company's ability to generate strong cash flow throughout the cycle. We remain committed to our plans for profitable growth and for returning cash to shareholders."

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

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