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.
5 Dealers Share Latest Facility Projects
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In this episode of On the Record, brought to you by Weasler Engineering, we break down the key takeaways from Ag Equipment Intelligence's newly released 2024 Big Dealer Report. In the Technology Corner, Noah Newman shows us how cover crop planting could be done autonomously. Also in this episode, CNH Industrial reports a drop in ag sales, AGCO combine and application equipment sales are down year-over-year and a UK New Holland factory strike could impact North America.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
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