Deere & Company (DE) to Issue Quarterly Dividend of $1.62 on May 8th

Deere & Company (NYSE:DE) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Tuesday, March 31st will be given a dividend of 1.62 per share by the industrial products company on Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, March 31st.

Deere & Company has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Deere & Company has a payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.7%

Shares of DE opened at $619.32 on Friday. The firm’s 50-day moving average price is $534.67 and its 200-day moving average price is $494.74. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $167.88 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.23 and a beta of 1.02. Deere & Company has a 1-year low of $404.42 and a 1-year high of $674.19.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The business had revenue of $9.61 billion during the quarter, compared to analyst estimates of $7.50 billion. During the same quarter last year, the firm posted $3.19 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

About Deere & Company

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.