AGCO Announces Quarterly Dividend

Rhea-AI Summary

AGCO, a leading global manufacturer of agricultural equipment, declared a quarterly dividend of $0.24 per common share. This dividend will be paid on March 15, 2023, to stockholders on record as of February 15, 2023. In 2021, AGCO generated net sales of approximately $11.1 billion, showcasing its significant market presence. The company, headquartered in Duluth, Georgia, emphasizes sustainable farming through its diverse brand portfolio and advanced technology solutions.

Positive

• Declared a quarterly dividend of $0.24 per share.
• Dividend payment enhances shareholder income.
• Strong sales performance with net sales of $11.1 billion in 2021.

Negative

• None.

DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, infrastructure and precision ag technology, announced that its Board of Directors declared a regular quarterly dividend of $0.24 per common share to be paid on March 15, 2023 to all stockholders of record as of the close of business February 15, 2023.

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 approximately $11.1 billion in 2021. For more information, visit https://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/20230119005953/en/

Greg Peterson

Vice President, Investor Relations

(770) 232-8229

greg.peterson@agcocorp.com

Source: AGCO

FAQ

What is the dividend payment date for AGCO?

The dividend payment date for AGCO is March 15, 2023.

When is the record date for AGCO's dividend?

The record date for AGCO's dividend is February 15, 2023.

What is the amount of AGCO's quarterly dividend?

AGCO's quarterly dividend is $0.24 per common share.

How much were AGCO's net sales in 2021?

AGCO had net sales of approximately $11.1 billion in 2021.