Deere & Company Raises Dividend Eight Percent
On May 25, 2022, Deere & Company (NYSE: DE) announced a quarterly dividend increase to $1.13 per share, payable on August 8, 2022.
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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.
Details
News Market Reaction – DE
The recorded move for DE in the trading session of this news was +1.76%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MOLINE, Ill., May 25, 2022 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today declared a quarterly dividend of
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
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