Deere & Company Raises Dividend 17 Percent
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – DE
The recorded move for DE in the trading session of this news was +2.28%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MOLINE, Ill., Aug. 25, 2021 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today declared an increased quarterly dividend of
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.