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Deere & Company increases dividend by 18 percent

 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  To view this news release in HTML formatting, please use the following URL:  CO: Deere & Company ST: Illinois NI: CST MAC DIV