Deere Board Raises Dividend 12% to $0.46/Share

The Deere & Company DE Board of Directors has approved an increase of the company's dividend to $.46 a share on common stock. The dividend is payable on May 1, 2012 to stockholders of record on March 30, 2012. The new quarterly rate represents an increase of 5 cents per share over the previous level – an increase of approximately 12 percent. This is the tenth increase to the Deere & Company quarterly dividend since early 2004.