DULUTH, Ga. — AGCO, a worldwide manufacturer and distributor of agricultural equipment, today announced that it has increased the company's quarterly dividend to $0.12 per outstanding share, up $0.01 from $0.11 per outstanding share paid last quarter.

Payment will be made on March 16, 2015 to all stockholders of record as of the close of business on Feb. 16, 2015.

“This dividend increase reflects the Board’s confidence in AGCO’s strategy and our ongoing commitment to create value and return cash to our stockholders,” said Martin Richenhagen, AGCO’s chairman, president and chief executive officer.