Breeze-Courier | Taylorville, IL
weather sponsored by
Hickory Estates of Taylorville




Advanced Search
search sponsored by


LOGIN | SUBSCRIBE




KMRM

home : news : state news free June 24, 2016

   
12/4/2013 1:59:00 PM
Deere expands share buy back program by $8 billion

MOLINE, Ill. — (AP) Deere & Co. said today that its board of directors approved an increase to the company’s share buyback program. It also declared a quarterly dividend.

The tractor maker said that it will boost its share buyback program by $8 billion. It still has about $1 billion remaining from a $5 billion share buyback program announced in May 2008. Since 2004, Deere said it has repurchased about $11 billion of common stock. The company said it had about 375 million outstanding shares as of Oct. 31.

Deere also announced a quarterly dividend of 51 cents per share, which will be paid on Feb. 3 to shareholders of record as of Dec. 31. The company, which is based in Moline, Ill., also makes mowers, plows and other gear used by farmers.  

Companies typically buy back stock when they have excess cash on hand or feel their shares are undervalued. Buying back stock can boost the value of remaining shares. Shares of Deere rose $3.68, or 4.5 percent, to $86.39 in morning trading today.


Anderson Jewelers




Article Comment Submission Form
Please feel free to submit your comments.

If you are looking for the SPEAK OUT submission form, you can find it by clicking here: Speak Out Form


Article comments are not posted immediately to the Web site. Each submission must be approved by the Web site editor, who may edit content for appropriateness. There may be a delay of 24-48 hours for any submission while the web site editor reviews and approves it.

NOTE: All information on this form is required. Your telephone number and email address will not be displayed or shared.
Submit an Article Comment
First Name:
Required
Last Name:
Required
Telephone:
Required
Email:
Required
Comment:
Required
Passcode:
Required
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.
   














Trinity Dodge Fixed

NewsWebPagesOpinionPeopleObituariesAg & BusinessSportsContact Us
Subscriptions | Username & Password Reminder | Change Password | Life

Breeze-Courier & Printing | 212 S Main St. Taylorville, IL 62568 | (217) 824-2233 |
website@breezecourier.com

© Copyright 2014 Breeze-Courier & Printing. All Rights Reserved.
Original content may not be reprinted or distributed without the written permission of Breeze-Courier & Printing.

Software © 1998-2016 1up! Software, All Rights Reserved