MOLINE, Ill., May 28, 2014 /CNW/ - The Deere & Company (NYSE: 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."
Certain statements in this report are "forward-looking" statements within the
meaning of the Private Securities Litigation Reform Act of 1995 with respect
to future events and financial performance. These forward-looking statements
involve risks and uncertainties. Actual results may differ materially from
those contemplated (expressed or implied) by such forward-looking statements,
because of, among other things, the risks and uncertainties found in the
Company's press releases and other SEC filings, including the risk factors
identified under the headings "Risk Factors" and "Management's Discussion and
Analysis of Results of Operations and Financial Condition" in the Company's
most recent Annual Report on Form 10-K, as well as the Company's Quarterly
Reports on Form 10-Q.
SOURCE Deere & Company
Ken Golden, Director, Global Public Relations, 309-765-5678
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-0- May/28/2014 17:52 GMT
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