Deere raises dividend, aims to strengthen global production

At Deere's annual stockholders meeting, CEO Samuel Allen said, "Deere's domestic manufacturing operations are efficient, profitable and growing -- and we're committed to keeping them that way." He also spoke of finding success in a variety of market conditions and of competing in an array of global markets. Before the meeting, the board of directors agreed to raise the dividend on common stock from 46 cents to 51 cents per share. This marks the 11th dividend increase since 2004.

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Quad-City Business Journal (Davenport, Iowa) · Cedar Valley Business Monthly online (Waterloo, Iowa)

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