{"id":752210,"date":"2023-04-27T13:03:09","date_gmt":"2023-04-27T17:03:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/agco-enhances-shareholder-returns\/"},"modified":"2023-04-27T13:03:09","modified_gmt":"2023-04-27T17:03:09","slug":"agco-enhances-shareholder-returns","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/agco-enhances-shareholder-returns\/","title":{"rendered":"AGCO Enhances Shareholder Returns"},"content":{"rendered":"

<\/p>\n

AGCO Enhances Shareholder Returns<\/b><\/p>\n

Special Variable Dividend of $5.00 per share<\/i><\/p>\n

Increased Quarterly Dividend by 21% to $0.29 per share<\/i><\/p>\n

DULUTH, Ga.–(BUSINESS WIRE<\/a>)–
\nAGCO, Your Agriculture Company, (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced that its Board of Directors declared a special variable dividend in the amount of $5.00 per share and also increased the quarterly dividend to $0.29 per outstanding share, up $0.05 from $0.24 per outstanding share paid last quarter.<\/p>\n

\n\u201cOur record 2022 and healthy financial outlook for 2023 enable us to accelerate technology-related investments that benefit farmers and continue to return cash to our shareholders,\u201d said Eric Hansotia, AGCO Chairman, President and Chief Executive Officer. \u201cGiven our strong financial position, AGCO\u2019s Board of Directors approved our third consecutive special variable dividend of $5.00 per share, which is more than a ten percent increase versus last year\u2019s special variable dividend.\u201d<\/p>\n

\n“Given the structural improvement in our profitability, we have also increased our quarterly dividend by over twenty percent to $0.29 per outstanding share. This increase reflects confidence in our farmer-first strategy and our ongoing ability to generate strong free operating cash flow,\u201d said Damon Audia, AGCO Chief Financial Officer.<\/p>\n

\nThe special variable dividend will be payable on June 20, 2023, to shareholders of record at the close of business on May 19, 2023. Payment of the $0.29 quarterly dividend will be made on June 15, 2023, to all stockholders of record as of the close of business on May 15, 2023.<\/p>\n

About AGCO:<\/b><\/p>\n

\nAGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Fendt\u00ae, GSI\u00ae, Massey Ferguson\u00ae, Precision Planting\u00ae and Valtra\u00ae. Powered by Fuse\u00ae smart farming solutions, AGCO\u2019s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $12.7 billion in 2022. For more information, visit www.AGCOcorp.com<\/a>. For company news, information, and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.<\/p>\n

\nPlease visit our website at www.agcocorp.com<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230426005692\/en\/<\/a><\/span><\/p>\n

\nGreg Peterson
\n
Vice President, Investor Relations
\n
(770) 232-8229
\n
greg.peterson@agcocorp.com<\/a><\/p>\n

KEYWORDS:<\/b> Georgia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Agriculture Natural Resources<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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AGCO Enhances Shareholder Returns Special Variable Dividend of $5.00 per share Increased Quarterly Dividend by 21% to $0.29 per share DULUTH, Ga.–(BUSINESS WIRE)– AGCO, Your Agriculture Company, (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced that its Board of Directors declared a special variable dividend in the amount of $5.00 per share and also increased the quarterly dividend to $0.29 per outstanding share, up $0.05 from $0.24 per outstanding share paid last quarter. \u201cOur record 2022 and healthy financial outlook for 2023 enable us to accelerate technology-related investments that benefit farmers and continue to return cash to our shareholders,\u201d said Eric Hansotia, AGCO Chairman, President and Chief Executive Officer. … <\/p>\n

Continue reading “AGCO Enhances Shareholder Returns”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-752210","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAGCO Enhances Shareholder Returns - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/agco-enhances-shareholder-returns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AGCO Enhances Shareholder Returns - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"AGCO Enhances Shareholder Returns Special Variable Dividend of $5.00 per share Increased Quarterly Dividend by 21% to $0.29 per share DULUTH, Ga.–(BUSINESS WIRE)– AGCO, Your Agriculture Company, (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced that its Board of Directors declared a special variable dividend in the amount of $5.00 per share and also increased the quarterly dividend to $0.29 per outstanding share, up $0.05 from $0.24 per outstanding share paid last quarter. \u201cOur record 2022 and healthy financial outlook for 2023 enable us to accelerate technology-related investments that benefit farmers and continue to return cash to our shareholders,\u201d said Eric Hansotia, AGCO Chairman, President and Chief Executive Officer. … Continue reading "AGCO Enhances Shareholder Returns"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/agco-enhances-shareholder-returns\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T17:03:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230426005692r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/agco-enhances-shareholder-returns\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/agco-enhances-shareholder-returns\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"AGCO Enhances Shareholder Returns\",\"datePublished\":\"2023-04-27T17:03:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/agco-enhances-shareholder-returns\\\/\"},\"wordCount\":398,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/agco-enhances-shareholder-returns\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230426005692r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/agco-enhances-shareholder-returns\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/agco-enhances-shareholder-returns\\\/\",\"name\":\"AGCO Enhances Shareholder Returns - 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