Deere & Co. (DE) said Wednesday that its Board of Directors has approved an increase of the company's dividend to $0.51 a share on common stock.
The dividend is payable on May 1 to stockholders of record on March 28.
The new quarterly rate represents an increase of $0.05 per share over the previous level - an increase of about 11%.
This is the eleventh increase to the Deere quarterly dividend since early 2004. Deere last raised its dividend in February last year.
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