Deere & Company Raises Dividend Six Percent

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.

News Market Reaction – DE

+0.55%

+0.55% Session move

In the trading session that priced this news, DE gained 0.55%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MOLINE, Ill., Dec. 7, 2022 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today declared a quarterly dividend of $1.20 per share payable February 8, 2023, to stockholders of record on December 30, 2022.

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