AGCO initiates quarterly cash dividend AGCO announced that its board approved the initiation of quarterly cash dividends to its stockholders. A quarterly dividend of 10c per common share will be paid on March 15 to all stockholders of record as of the close of business on February 15. Future dividends will be subject to board approval.
USDA data still negative for Ag equipment makers, says Wells Fargo Wells Fargo estimates USDA data for December indicates row crop cash flow will drop 21% from the prior year, which is consistent with November and still negative for farm equipment demand. The firm keeps its negative view on demand trends for farm equipment makers Deere (DE) and AGCO (AGCO). The firm maintains its Underperform rating on AGCO and Market Perform rating on Deere.