Deere boosts its dividend by 6%

Deere & Co. announced Wednesday afternoon that it is raising its quarterly dividend to $1.20 a share. The new dividend marks a roughly 6% increase from the prior level of $1.13 a share. Deere shares are up 0.5% in Wednesday's session. They've gained 22% over the past 12 months as the S&P 500 has fallen 16%.

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