Deere Raises Dividend for Second Straight Quarter
06 Dezembro 2023 - 3:03PM
Dow Jones News
By Colin Kellaher
Deere & Co.'s board has raised the farm and construction
machinery maker's quarterly dividend for a second straight quarter,
boosting the payout by 8.9%, to $1.47, from $1.35.
The new dividend, equal to $5.88 a year, represents an annual
yield of about 1.61% based on Wednesday's trading price of $366.25,
up from 1.47%.
The Moline, Ill., company, which in August raised its payout by
8%, said the increased dividend is payable Feb. 8 to shareholders
of record Dec. 29.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 06, 2023 12:48 ET (17:48 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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