Benzinga | Aug 25, 2021 01:48PM EDT

Deere Rewards Shareholders With Dividend Hike

* Deere & Co (NYSE:DE) has increased its quarterly dividend by ~17% to $1.05 per share from $0.90 per share.

* The increased dividend is payable on November 8, 2021, to stockholders of record on September 30, 2021.

* "The latest increase in our quarterly dividend is a reflection of Deere's recent strong performance and the success of our new strategy and operating model," said Chairman and CEO John C. May.

* Price Action: DE shares trading higher by 2.97% at $378.9 on the last check Wednesday.