Deere hikes dividend by 4.2% to $1.25 quarterly per share

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On February 22, 2023, Deere & Company (DE) announced a 4.2% dividend hike to $1.25 quarterly per share. This dividend will be paid on May 8, 2023 to shareholders of record on March 31, 2023. In 2022 the tractor maker announced a dividend hike of 14.3%.

Deere & Company is a manufacturer of agricultural, construction and forestry equipment. Deere operates three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts. The construction and forestry segment manufactures and distributes a range of machines and service parts. The company's financial services segment primarily finances sales and leases by the company dealers of new and used agriculture and turf equipment and construction and forestry equipment. Deere has been paying a dividend to shareholders every year since at least 1971.

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