Deere & Company (DE) To Go Ex-Dividend on December 31st

Deere & Company (NYSE:DE) declared a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Wednesday, December 31st will be given a dividend of 1.62 per share by the industrial products company on Monday, February 9th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Deere & Company has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 4 years. Deere & Company has a payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Deere & Company to earn $22.03 per share next year, which means the company should continue to be able to cover its $6.48 annual dividend with an expected future payout ratio of 29.4%.

Deere & Company Stock Up 0.3%

NYSE:DE opened at $468.84 on Monday. Deere & Company has a fifty-two week low of $403.01 and a fifty-two week high of $533.78. The stock has a market capitalization of $126.80 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.80 and a beta of 1.00. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22. The company’s 50-day simple moving average is $473.11 and its 200-day simple moving average is $484.67.

Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). The firm had revenue of $12.39 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.55 EPS. On average, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.