MOLINE,
Ill., May 25, 2022 /PRNewswire/ -- The Deere
& Company (NYSE: DE) Board of Directors today declared a
quarterly dividend of $1.13 per share
payable August 8, 2022 to
stockholders of record on June 30,
2022.
The new quarterly rate represents an additional 8 cents per share over the previous level, an
increase of approximately 8 percent per share.
"The latest increase in our quarterly dividend is a reflection
of Deere's recent strong performance and the success of our Smart
Industrial strategy," said John C.
May, chairman and chief executive officer. "It also shows
our confidence in the company's future direction."
Forward-Looking Statements
Certain statements in this release regarding future events and
future financial performance are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve risks and
uncertainties. Actual results may differ materially from
those contemplated (expressed or implied) by such forward-looking
statements, because of, among other things, risks related to
general economic conditions in the global markets and industries in
which the Company operates, geopolitical uncertainties and the risk
factors identified under the heading "Risk Factors" and under the
heading "Safe Harbor Statement" in the "Management's Discussion and
Analysis of Financial Conditions and Results of Operations" section
of the Company's most recent Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q.
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SOURCE Deere & Company