Deere & Company (DE) To Go Ex-Dividend on June 30th

Deere & Company (NYSE:DEGet Free Report) declared a quarterly dividend on Wednesday, May 27th. Shareholders of record on Tuesday, June 30th will be given a dividend of 1.62 per share by the industrial products company on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

Deere & Company has increased its dividend payment by an average of 0.2%per year over the last three years and has increased 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 $22.88 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 28.3%.

Deere & Company Price Performance

DE opened at $539.02 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The company has a market capitalization of $145.59 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.96 and a beta of 0.96. The firm’s fifty day moving average price is $572.85 and its two-hundred day moving average price is $542.07. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19.

Deere & Company (NYSE:DEGet Free Report) last posted its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.64 EPS. As a group, analysts anticipate that Deere & Company will post 18.08 earnings per share for the current fiscal year.

Key Deere & Company News

Here are the key news stories impacting Deere & Company this week:

Deere & Company Company Profile

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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.

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Dividend History for Deere & Company (NYSE:DE)

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