Deere & Company Raises Dividend Eight Percent

Rhea-AI Summary

On May 25, 2022, Deere & Company (NYSE: DE) announced a quarterly dividend increase to $1.13 per share, payable on August 8, 2022. This marks an 8% increase from the previous dividend rate, reflecting the company's strong performance and confidence in future growth, according to CEO John C. May. Shareholders of record by June 30, 2022 will receive this dividend. However, forward-looking statements in the release highlight potential risks linked to economic conditions and geopolitical uncertainties that could impact financial outcomes.

Positive

• Quarterly dividend raised to $1.13 per share, an 8% increase.
• Dividends reflect strong performance and confidence in future growth.

Negative

• Forward-looking statements indicate risks related to global economic conditions.
• Potential impacts from geopolitical uncertainties highlighted.

MOLINE, Ill., May 25, 2022 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today declared a quarterly dividend of $1.13 per share payable August 8, 2022 to stockholders of record on June 30, 2022.

The new quarterly rate represents an additional 8 cents per share over the previous level, an increase of approximately 8 percent per share.

"The latest increase in our quarterly dividend is a reflection of Deere's recent strong performance and the success of our Smart Industrial strategy," said John C. May, chairman and chief executive officer. "It also shows our confidence in the company's future direction."

Forward-Looking Statements

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, risks related to general economic conditions in the global markets and industries in which the Company operates, geopolitical uncertainties and the risk factors identified under the heading "Risk Factors" and under the heading "Safe Harbor Statement" in the "Management's Discussion and Analysis of Financial Conditions and Results of Operations" 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-eight-percent-301555188.html

SOURCE Deere & Company

FAQ

What is the new dividend amount for Deere & Company?

Deere & Company has raised its quarterly dividend to $1.13 per share.

When will the dividend be paid?

The dividend will be paid on August 8, 2022.

What is the record date for the dividend?

The record date for the dividend is June 30, 2022.

How much was the dividend increase for Deere?

The dividend increased by 8 cents per share, or approximately 8%.

What are the potential risks mentioned in the press release?

The press release mentions risks related to global economic conditions and geopolitical uncertainties.