Deere & Company Raises Dividend

Rhea-AI Summary

The Board of Directors of Deere & Company (NYSE: DE) has announced a quarterly dividend of $1.25 per share. This dividend is set to be paid on May 8, 2023, to shareholders on record as of March 31, 2023. The new dividend rate reflects an increase of 5 cents per share compared to previous dividends, demonstrating the company's commitment to returning value to its shareholders.

AI-generated analysis. Not financial advice.

Positive

• Dividend increased to $1.25 per share, up 5 cents from the previous rate, reflecting confidence in financial stability.

Negative

• None.

News Market Reaction – DE

-0.18%

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-0.18% News Effect

On the day this news was published, DE declined 0.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MOLINE, Ill., Feb. 22, 2023 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today declared a quarterly dividend of $1.25 per share payable May 8, 2023, to stockholders of record on March 31, 2023.

The new quarterly rate represents an additional 5 cents per share over the previous level.

View original content:https://www.prnewswire.com/news-releases/deere--company-raises-dividend-301753456.html

SOURCE Deere & Company

FAQ

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

The new quarterly dividend for Deere & Company is $1.25 per share.

When is the dividend payment date for Deere & Company in 2023?

The dividend payment date is May 8, 2023.

What is the record date for the dividend to be paid by Deere & Company?

The record date for the dividend is March 31, 2023.

How much did Deere & Company increase its dividend by?

Deere & Company increased its dividend by 5 cents per share.

What is the significance of the dividend increase by Deere & Company?

The increase reflects Deere's confidence in its financial performance and commitment to returning value to shareholders.