Deere & Company Raises Dividend Six Percent
On December 7, 2022, Deere & Company (NYSE: DE) announced a quarterly dividend increase of $1.20 per share, payable on February 8, 2023, to shareholders recorded by December 30, 2022.
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
On December 7, 2022, Deere & Company (NYSE: DE) announced a quarterly dividend increase of $1.20 per share, payable on February 8, 2023, to shareholders recorded by December 30, 2022. This new dividend represents a 6% boost, adding 7 cents to the previous rate. This increase reflects the company's ongoing commitment to delivering value to its shareholders and confidence in its financial stability.
Positive
- Quarterly dividend raised to $1.20 per share.
- 6% increase over the prior dividend level.
Negative
- None.
Details
News Market Reaction – DE
The recorded move for DE in the trading session of this news was +0.55%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MOLINE, Ill., Dec. 7, 2022 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today declared a quarterly dividend of
The new quarterly rate represents an additional 7 cents per share over the previous level, an increase of approximately 6 percent per share.
View original content:https://www.prnewswire.com/news-releases/deere--company-raises-dividend-six-percent-301697488.html
SOURCE Deere & Company