AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer
and distributor of agricultural equipment, announced that today its
Board of Directors approved the initiation of quarterly cash dividends
to its stockholders. A quarterly dividend of $0.10 per common share will
be paid on March 15, 2013 to all stockholders of record as of the close
of business on February 15, 2013. Future dividends will be subject to
Board approval.
"We are optimistic about the outlook for our industry as well as for
AGCO and the time is right for AGCO to begin paying a dividend," stated
Martin Richenhagen, AGCO’s Chairman, President and Chief Executive
Officer. "This dividend complements our capital allocation strategy and
is an important part of our commitment to bring value to our
stockholders."
Forward looking Statement
This release contains forward-looking statements, which are based on
currently available operating, financial and competitive information and
are subject to a number of significant risks and uncertainties. Actual
results may vary materially from those expressed or implied by the
statements herein due to changes in economic, business, competitive,
and/or regulatory factors, and other risks detailed in the company's
filings with the Securities and Exchange Commission. The company assumes
no obligation to update any of these forward-looking statements.
About AGCO:
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 four core machinery
brands, Challenger®, Fendt®, 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, GA, USA. In 2011, AGCO had net sales of $8.8
billion. http://www.AGCOcorp.com
