AGCO Announces Dividend Actions

Rhea-AI Summary

AGCO announced a special dividend of $4.50 per share, payable on June 21, 2022, to shareholders recorded by May 20, 2022. Additionally, the quarterly dividend was increased by 20% to $0.24 per share, up $0.04 from the previous $0.20. This payment will occur on June 15, 2022, for shareholders recorded by May 16, 2022. AGCO reported net sales of $11.1 billion in 2021, emphasizing its role as a leader in agricultural machinery.

Positive

• Declared a special dividend of $4.50 per share.
• Increased quarterly dividend by 20% to $0.24 per share.
• Strong financial performance with $11.1 billion in net sales for 2021.

Negative

• None.

Special Dividend of $4.50 per share Declared

Quarterly Dividend Increased 20% to $0.24 per share

DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, today announced that its Board of Directors declared a variable special dividend in the amount of $4.50 per share, payable on June 21, 2022 to shareholders of record at the close of business on May 20, 2022. The Company also increased the quarterly dividend to $0.24 per outstanding share, up $0.04 from $0.20 per outstanding share paid last quarter. Payment will be made on June 15, 2022 to all stockholders of record as of the close of business on May 16, 2022.

About AGCO:

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger®, Fendt®, GSI®, Massey Ferguson® Precision Planting® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $11.1 billion in 2021. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Please visit our website at www.agcocorp.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220427005682/en/

Greg Peterson

Vice President, Investor Relations

(770) 232-8229

greg.peterson@agcocorp.com

Source: AGCO

FAQ

What is the special dividend amount declared by AGCO?

AGCO declared a special dividend of $4.50 per share.

When will AGCO's quarterly dividend be paid?

The quarterly dividend will be paid on June 15, 2022.

How much is AGCO's quarterly dividend increased by?

AGCO's quarterly dividend increased by 20% to $0.24 per share.

When is the record date for AGCO's special dividend?

The record date for AGCO's special dividend is May 20, 2022.

What were AGCO's net sales in 2021?

AGCO reported net sales of $11.1 billion in 2021.