Deere & Co. Boosts Quarterly Dividend By 18% - Quick Facts

(RTTNews) - The Deere & Company (DE) said its Board of Directors has approved an increase of 18% of its quarterly dividend to $0.60 a share on common stock. The dividend is payable on August 1, 2014 to stockholders of record on June 30, 2014.

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."