Agricultural equipment manufacturer The Deere & Company (NYSE: DE) recently announced a quarterly dividend of $1.13 per share, an increase of about 8% from the previous dividend of $1.05 per share. The dividend will be paid on August 8, 2022, to shareholders of record as of June 30, 2022. Following the news, shares of the company rose more than 2% to close at $344 in Wednesday’s extended trading session. The company’s annual dividend of $4.52 per share now reflects a dividend yield of 1.3% based on Wednesday’s closing price. The company has been raising its quarterly dividend consistently over the past three years, making it an attractive choice for investors.
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Deere (NYSE:DE)
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