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Agco Plans to Pay First Dividend in 2012, CEO Tells FTD

Agco Corp. plans to pay its first dividend in 22 years this year, Financial Times Deutschland reported, citing an interview with Executive Officer Martin Richenhagen.

If the supervisory board agrees, the farm machinery maker will pay shareholders $0.50 a share, Richenhagen told the German newspaper. Richenhagen also plans to start a share buyback program to make the stock “more attractive” to shareholders, Richenhagen told FTD.

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