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AGCO hikes dividend by 10%

AGCO Corp (AGCO) will raise its quarterly dividend by 10.0 percent to 11 cents per share in 2014. The tractor maker initiated a 10 cent per share quarterly dividend last year and this is the company's first ever dividend hike.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and solutions. AGCO products are sold through five core brands, Challenger, Fendt, GSI, Massey Ferguson and Valtra, supported by Fuse smart farming solutions. The company was founded in 1990 and is headquartered in Duluth, Georgia, USA. AGCO has paid a dividend every year since 2013.