AGCO Announces Quarterly Dividend

Rhea-AI Summary

AGCO, a leading manufacturer of agricultural equipment, declared a quarterly dividend of $0.24 per common share. This dividend will be paid on December 15, 2022, to stockholders of record as of November 15, 2022. With a history of sustainable practices, AGCO continues to innovate in precision ag technology, contributing to its impressive net sales of approximately $11.1 billion in 2021. The company aims to deliver customer value through its diverse brand portfolio, including names like Challenger®, Fendt®, and Massey Ferguson®.

Positive

• Quarterly dividend of $0.24 declared, demonstrating commitment to returning value to shareholders.
• Strong historical sales of approximately $11.1 billion in 2021 indicates robust business performance.

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 December 15, 2022 to all stockholders of record as of the close of business November 15, 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 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/20221026006024/en/

Greg Peterson

Vice President, Investor Relations

(770) 232-8229

greg.peterson@agcocorp.com

Source: AGCO

FAQ

What is the dividend amount declared by AGCO?

AGCO declared a quarterly dividend of $0.24 per common share.

When is the AGCO dividend payment date?

The dividend payment date is December 15, 2022.

What is the record date for AGCO's dividend?

The record date for the dividend is November 15, 2022.

How does AGCO's dividend reflect its financial health?

The declared dividend indicates AGCO's strong financial performance and commitment to shareholder returns.