Deere boosts quarterly dividend to 76c per share from 69c - InvestingChannel

Deere boosts quarterly dividend to 76c per share from 69c

Deere said its board increased the company’s quarterly dividend to 76c per share on common stock. The dividend is payable February 1, 2019, to stockholders of record on December 31, 2018. The new quarterly rate represents an additional 7c per share over the previous level – an increase of approximately 10%.”The dividend increase reflects the sound financial position of the company and confidence in our ability to generate strong cash flows through the cycle going forward,” said Samuel Allen, Chairman and CEO.