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Deere Raises Quarterly Dividend By 2 Cents

(AP)May 26, 2010 — Farm equipment maker Deere & Co.'s board has declared a quarterly dividend of 30 cents a share, up 2 cents per share from the previous dividend, the company announced Wednesday.

The dividend is payable August 2 to shareholders of record on June 30.

Deere's second-quarter net income rose 16% as farmers bought more equipment as the global economy improved. The Moline, Ill.-based Deere made $547.5 million in net income, or $1.28 per share, for the quarter.


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