Deere & Company Raises Dividend by 17% to $0.41

The Deere & Company (NYSE:

) Board of Directors has approved an increase of the company's dividend to $.41 a share on common stock. The dividend is payable August 1, 2011 to stockholders of record on June 30, 2011. The new quarterly rate represents an increase of 6 cents per share over the previous level – an increase of approximately 17 percent. This is the ninth increase to the Deere & Company quarterly dividend since early 2004.