MOLINE, Ill., Aug. 25, 2021 /CNW/ -- The
Deere & Company (NYSE: DE) Board of Directors today
declared an increased quarterly dividend of $1.05 per share on the company's common stock.
The dividend is payable November 8, 2021, to stockholders of
record on September 30, 2021.
The new quarterly rate represents an additional 15 cents per
share over the previous level – an increase of approximately 17
percent.
"The latest increase in our quarterly dividend is a reflection
of Deere's recent strong performance and the success of our new
strategy and operating model," said John C.
May, chairman and chief executive officer. "It also shows
our confidence in the company's future direction."
Safe Harbor Statement
Certain statements in this
release regarding future events and future financial performance
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve risks and uncertainties. Actual results may
differ materially from those contemplated (expressed or implied) by
such forward-looking statements, because of, among other things,
the risks and uncertainties related to COVID and the risk factors
identified under the heading "Risk Factors" and under the heading
"Safe Harbor Statement" in the Company's "Management's Discussion
and Analysis" section of the Company's most recent Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q.
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SOURCE Deere & Company