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Deere & Co. Raises Quarterly Dividend by 8%

Provided by Dow Jones

Aug 30, 2023 5:19pm

By Colin Kellaher

Deere & Co.'s board has raised the farm and construction machinery maker's quarterly dividend by 8% to $1.35.

The new payout, equal to $5.40 a year, represents an annual yield of about 1.34% based on Tuesday's closing price of $404.10, up from 1.24%.

The Moline, Ill., company on Wednesday said the increased dividend is payable Nov. 8 to shareholders of record Sept. 29.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

August 30, 2023 13:19 ET (17:19 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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