Great news, Deere & Company raises the dividend with 18%. This adds roughly $6.5 to my annual forward dividends. What did I do for it? Nothing really, just being a patient shareholder!!
MOLINE, Ill., May 28, 2014 /PRNewswire/ -- The Deere & Company (DE) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock. The dividend is payable on August 1, 2014 to stockholders of record on June 30, 2014.
The new quarterly rate represents an increase of 9 cents per share, approximately 18 percent, over the previous level. This is the twelfth increase to the Deere & Company quarterly dividend in 10 years. Deere last raised its dividend in February 2013.
"Deere is well-positioned to benefit long-term from global trends that hold great promise for the company's customers and investors," said Samuel R. Allen, chairman and chief executive officer. "Our dividend increase reflects our confidence in Deere & Company's ability to generate strong cash flow throughout the cycle. We remain committed to our plans for profitable growth and for returning cash to shareholders."
MOLINE, Ill., May 28, 2014 /PRNewswire/ -- The Deere & Company (DE) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock. The dividend is payable on August 1, 2014 to stockholders of record on June 30, 2014.
The new quarterly rate represents an increase of 9 cents per share, approximately 18 percent, over the previous level. This is the twelfth increase to the Deere & Company quarterly dividend in 10 years. Deere last raised its dividend in February 2013.
"Deere is well-positioned to benefit long-term from global trends that hold great promise for the company's customers and investors," said Samuel R. Allen, chairman and chief executive officer. "Our dividend increase reflects our confidence in Deere & Company's ability to generate strong cash flow throughout the cycle. We remain committed to our plans for profitable growth and for returning cash to shareholders."
Hi Robin
ReplyDeleteThat's a really great dividend increase from DE
Regards DH
Hi DividendHawk! Yeah it was a great raise that I didn't really expect.
DeleteNothing better than getting a pay raise by doing absolutely nothing. If only it would be so easy at my day-to-day job ;).
ReplyDeleteBest,
DW