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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Deere and Co | NYSE:DE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 7.63 | 1.97% | 395.13 | 398.37 | 385.71 | 389.80 | 1,419,450 | 20:47:35 |
From May 2019 to May 2024
By Colin Kellaher
Deere & Co. on Wednesday said its board raised the quarterly dividend by 18.4%, to 90 cents from 76 cents.
The new payout, equal to $3.04 a year, represents an annual yield of about 1.07% based on Tuesday's closing price of $337.41, up from 0.9%.
The Moline, Ill., maker of farm and construction machinery said the dividend is payable May 10 to shareholders of record March 31, adding that the large increase reflects its recent strong performance and confidence in its future direction.
Deere last week reported fiscal first-quarter earnings that far exceeded Wall Street's expectations and forecast solid full-year profit growth.
Deere shares have doubled in the past 12 months.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 24, 2021 11:34 ET (16:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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