The Deere & Company Board Of Directors Increases Quarterly Dividend From $1.35 To $1.47 Per Share
Portfolio Pulse from Benzinga Newsdesk
The Board of Directors of Deere & Company (NYSE:DE) has increased the quarterly dividend from $1.35 to $1.47 per share, payable on February 8, 2024, to shareholders of record as of December 29, 2023. This represents a 12 cents increase per share from the previous dividend rate.
December 06, 2023 | 5:18 pm
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Deere & Company has announced an increase in its quarterly dividend from $1.35 to $1.47 per share, indicating a strong financial position and commitment to returning value to shareholders.
The increase in dividend typically suggests that the company is generating sufficient cash flow and is confident in its financial stability. This action often results in a positive short-term impact on the stock price as it may attract income-focused investors and signal a positive outlook from the company's management.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100