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AGCO hikes dividend by 8.3%

AGCO Corp (AGCO) will raise its quarterly dividend by 8.3 percent to $0.13 per share in 2016. The tractor maker initiated a 10 cent per share quarterly dividend in 2013.

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.