Deere & Company Raises Dividend 17 Percent

Rhea-AI Summary

The Deere Company (NYSE: DE) Board of Directors has declared a quarterly dividend of $1.05 per share, an increase of 17% compared to the previous dividend. This new rate reflects strong performance and confidence in the company's future direction. The dividend is payable on November 8, 2021, to shareholders recorded by September 30, 2021. The increase signifies the company's commitment to returning value to shareholders amidst ongoing operational success.

Positive

• Quarterly dividend increased by 17%, reflecting strong performance and strategic success.
• Dividend amount of $1.05 per share indicates confidence in future growth.

Negative

• None.

MOLINE, Ill., Aug. 25, 2021 /PRNewswire/ -- 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.

View original content:https://www.prnewswire.com/news-releases/deere--company-raises-dividend-17-percent-301362835.html

SOURCE Deere & Company

FAQ

What is the new dividend amount for Deere Company (DE)?

The new quarterly dividend amount for Deere Company (NYSE: DE) is $1.05 per share.

When is the dividend payment date for Deere Company (DE)?

The dividend payment date for Deere Company is November 8, 2021.

What is the percentage increase of Deere Company's dividend?

The percentage increase of Deere Company's dividend is 17%.

Who is eligible to receive the dividend from Deere Company (DE)?

Stockholders of record on September 30, 2021, are eligible to receive the dividend.

How often does Deere Company pay dividends?

Deere Company pays dividends quarterly.