The Deere & Co. Board of Directors declared a regular quarterly dividend of $0.60 per share on common stock, payable Feb. 2, 2015, to stockholders of record on Dec. 31, 2014.
A little over 3 years ago in February 2011, Deere & Co. Chairman and Chief Executive Samuel Allen said he wanted to deliver three times as much profit at normal operating volumes and to double the company’s annual sales to $50 billion by 2018 as part of his John Deere Strategy.
Net income attributable to Deere & Company was $980.7 million, or $2.65 per share, for the second quarter ended April 30, compared with $1.084 billion, or $2.76 per share, for the same period last year.
Jurors have ruled against tractor maker Deere & Co. in a lawsuit that alleged rivals were infringing on its patent covering the design of heavy-duty mowing blades.
In its February/March 2013 presentation to investors, Deere & Co. drew attention to the growing importance of the worldwide market for its equipment. According to Deere, its equipment sales outside the U.S. and Canada in fiscal year 2012 were over four times the level it saw in fiscal year 2000.
The world's largest farm equipment maker, Deere & Co., reported last week that its first-quarter net income grew by 22% as the strong upward trend in ag machinery sales continued to demonstrate that ag fundamentals remain strong going into the 2013 planting season.
In its May/June presentation for investors, Deere & Co. outlined the steps it is taking to reach its goal of doubling its net sales to $50 billion by 2018.
Leica Geosystems has entered into a software license agreement with Deere & Co. to provide guidance software for a range of new AutoTrac Ready tractor models directly via the ISOBUS.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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