Summary
Deere & Company (DE) announced via an 8-K filing on December 5, 2018, a significant increase in its quarterly dividend. The Board of Directors approved raising the dividend to $0.76 per share on common stock, an increase of approximately 10% or 7 cents per share from the previous level. This dividend is scheduled to be paid on February 1, 2019, to shareholders of record as of December 31, 2018. The company's leadership views this dividend hike as a direct reflection of its strong financial health and a testament to its confidence in sustaining robust cash flow generation through various economic cycles. This move is generally a positive signal to investors, indicating financial stability and a commitment to returning value to shareholders.
Key Highlights
- 1Deere & Company (DE) Board of Directors increased the quarterly dividend.
- 2New quarterly dividend rate set at $0.76 per share for common stock.
- 3This represents a 10% increase, or an additional 7 cents per share.
- 4Dividend payable on February 1, 2019.
- 5Record date for dividend payment is December 31, 2018.
- 6The increase reflects the company's sound financial position.
- 7Management expressed confidence in generating strong cash flows through the cycle.