Stay informed with Deere & Company's (DE) latest dividend update on August 30, 2023. Experience an impressive 8% increase to $1.35 quarterly per share, following a previous 5-cent boost to $1.25 this February. Witness a substantial 12.5% total dividend hike in 2023, leading to a notable 1.3% dividend yield with a new annual rate of $5.40 per share and a stock price of $415. Mark your calendar for the upcoming dividend payable on November 8, 2023, available to stockholders of record as of September 29, 2023. Delve into Deere & Co's thriving dividend distribution, currently amounting to an estimated annual payout of $1.58 billion.

Deere & Company is a manufacturer of agricultural, construction and forestry equipment. Deere operates three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts. The construction and forestry segment manufactures and distributes a range of machines and service parts. The company's financial services segment primarily finances sales and leases by the company dealers of new and used agriculture and turf equipment and construction and forestry equipment. Deere has been paying a dividend to shareholders every year since at least 1971.