AGCO Corp (AGCO) on April 29, 2022 announced that it will raise its quarterly dividend by 20 percent to $0.24 quartery per share and pay a $4.50 per share special dividend. This follows a 25 percent dividend hike in 2021 when a $4.00 special dividend was paid.
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 sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. AGCO's segments are North America, South America, Europe/Middle East, and Asia/Pacific/Africa. The company was founded in 1990 and is headquartered in Duluth, Georgia, USA. AGCO has paid a dividend every year since 2013.