Deere Boosts Dividend by 17%; Announces New Factory in China

Farming and construction equipment maker Deere & Company announced a 17% raise to its quarterly dividend payout and unveiled plans to build a new factory in China.

The factory will be used to manufacture engines for John Deere equipment that is assembled in China. Deere said the $60-million investment will be made in the Tianjin Economic and Development Area, where the company already boasts other facilities.

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