Deere & Co. Raises Quarterly Dividend by 16.7% to $1.05
August 25 2021 - 12:51PM
Dow Jones News
By Colin Kellaher
Deere & Co. on Wednesday said its board raised the quarterly
dividend by 16.7% to $1.05 from 90 cents.
The new payout, equal to $4.20 a year, represents an annual
yield of about 1.14% based on Tuesday's closing price of $367.98,
up from just under 1%.
The Moline, Ill., maker of farm and construction machinery said
the dividend is payable Nov. 8 to shareholders of record Sept.
30.
Deere earlier this year raised its quarterly dividend by 18.4%
to 90 cents.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 25, 2021 12:39 ET (16:39 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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