Deere & Company Raises Dividend 18 percent

Rhea-AI Summary

Deere & Company (NYSE: DE) announced a quarterly dividend increase to $.90 per share, effective May 10, 2021, for stockholders on record as of March 31, 2021. This new rate marks an increase of 14 cents per share, approximately 18 percent higher than the previous dividend. CEO John C. May highlighted that the increase reflects the company’s strong performance and confidence in future prospects.

Positive

• Quarterly dividend increased to $.90 per share, representing an 18% rise.
• Indicates strong company performance and future growth confidence.

Negative

• Potential risks related to COVID impacting future financial performance.

MOLINE, Ill., Feb. 24, 2021 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today increased the company's quarterly dividend to $.90 per share on common stock. The dividend is payable May 10, 2021, to stockholders of record on March 31, 2021.

The new quarterly rate represents an additional 14 cents per share over the previous level – an increase of approximately 18 percent.

"The dividend increase is a reflection of Deere's recent strong performance and it shows our confidence in the company's future direction," said John C. May, chairman and chief executive officer.

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.

 

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SOURCE Deere & Company

FAQ

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

The new quarterly dividend amount for Deere & Company is $.90 per share.

When will Deere & Company pay the dividend?

The dividend will be payable on May 10, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is March 31, 2021.

How much has the dividend increased for Deere & Company?

The dividend has increased by 14 cents per share, approximately 18 percent.

What factors could affect Deere & Company's future financial performance?

Future financial performance may be impacted by risks related to COVID and other uncertainties.