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AGCO hikes dividend by 9.1%

AGCO Corporation (AGCO) will raise its quarterly dividend by 9.1 percent from $0.11 to $0.12 per share. in 2015, marking the second consecutive year of dividend increases by the tractor maker.

AGCO currently has an indicated dividend yield of 1.1%. Last year the dividend was raised by 10%.

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.