May 28, 2014
/PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors has approved an increase of Deere's quarterly dividend to
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
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
"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