DULUTH, Ga.--(BUSINESS WIRE)--AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, today announced that it has increased the company’s quarterly dividend to $0.12 per outstanding share, up $0.01 from $0.11 per outstanding share paid last quarter. Payment will be made on March 16, 2015 to all stockholders of record as of the close of business on February 16, 2015.
“This dividend increase reflects the Board’s confidence in AGCO’s strategy and our ongoing commitment to create value and return cash to our stockholders,” said Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer.
AGCO, Your Agriculture Company, (NYSE: AGCO), is a global leader focused on the design, manufacture and distribution of agricultural machinery. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production systems, as well as related replacement parts. AGCO products are sold through five core machinery brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra® and are distributed globally through 3,100 independent dealers and distributors in more than 140 countries worldwide. Retail financing is available through AGCO Finance for qualified purchasers. Founded in 1990, AGCO is headquartered in Duluth, Georgia, USA. In 2013, AGCO had net sales of $10.8 billion. For more information, see http://www.agcocorp.com