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AGCO starts 10 cent quarterly dividend

DULUTH, Ga. (AP) -- Farm equipment maker AGCO Corp. said Thursday it will begin offering a quarterly dividend of 10 cents.

The dividend will be paid on March 15 to shareholders of record as of Feb. 15.

Future dividends will be subject to board approval.

The company's stock ended Thursday up 33 cents at $52.17 and tacked on another 7 cents in extended trading following the dividend announcement.