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Deere Expands Share Buyback Program by $8 Billion; Announces Quarterly Dividend

Deere Expands Share Buyback Program by $8 Billion; Announces Quarterly Dividend 
MOLINE, Ill., Dec. 4, 2013 /CNW/ - The Deere & Company (NYSE: DE) Board of 
Directors today authorized the repurchase of up to $8 billion of additional 
common stock. The Board also declared a regular quarterly dividend of $.51 a 
share on common stock, payable February 3, 2014 to stockholders of record on 
December 31, 2013. 
"Today's action reflects our confidence in the company's long-term future 
growth opportunities," said Samuel R. Allen, chairman and chief executive 
officer. "The decision announced today exemplifies our commitment to creating 
superior long-term value for investors." 
The repurchase program will supplement the existing $5 billion share 
authorization announced in May 2008. On October 31, 2013, there was 
approximately $1 billion remaining under the prior authorization.  Repurchases 
will be made at the company's discretion in the open market. Deere had 
approximately 375 million shares outstanding on October 31, 2013. 
Since early 2004, the company has repurchased about $11 billion of common 
stock through its share buyback program.
 

SOURCE  Deere & Company 
Ken Golden, Director, Global Public Relations, 309-765-5678 
http://www.deere.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2013/04/c7596.html 
CO: Deere & Company
ST: Illinois
NI: RET AGR MAC DIV  
-0- Dec/04/2013 15:25 GMT
 
 
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