Deere to boost quarterly dividend by nearly 8%

Deere & Co. said Wednesday that it was declaring a quarterly dividend of $1.13 a share, up 8 cents a share from the prior level and representing a nearly 8% increase. The new dividend will be payable Aug. 8 to shareholders of record as of June 30, 2022. "The latest increase in our quarterly dividend is a reflection of Deere's recent strong performance and the success of our Smart Industrial strategy," Chief Executive John May said in a press release attached within a Securities and Exchange Comm