Deere & Company (DE) To Go Ex-Dividend on December 28th

Deere & Company (NYSE:DE) announced a quarterly dividend on Wednesday, December 6th, RTT News reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.60 per share by the industrial products company on Thursday, February 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 28th.

Deere & Company has increased its dividend payment by an average of 6.4% per year over the last three years. Deere & Company has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Deere & Company to earn $9.52 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 25.2%.

Shares of Deere & Company (DE) traded up $1.22 during mid-day trading on Wednesday, reaching $158.75. The company’s stock had a trading volume of 2,407,100 shares, compared to its average volume of 2,364,256. The company has a market capitalization of $51,010.00, a P/E ratio of 23.76, a P/E/G ratio of 2.42 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. Deere & Company has a 1-year low of $102.78 and a 1-year high of $158.76.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. research analysts predict that Deere & Company will post 7.94 EPS for the current year.

In other Deere & Company news, insider Cory J. Reed sold 6,416 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $151.54, for a total value of $972,280.64. Following the transaction, the insider now owns 11,383 shares of the company’s stock, valued at $1,724,979.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John C. May II sold 22,095 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the transaction, the insider now directly owns 51,429 shares in the company, valued at approximately $6,533,540.16. The disclosure for this sale can be found here. Insiders have sold 224,642 shares of company stock valued at $31,335,834 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.

DE has been the subject of several recent research reports. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank boosted their price objective on Deere & Company from $129.00 to $149.00 and gave the company a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, November 2nd. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $140.00 to $155.00 in a report on Tuesday, November 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $155.00 price objective (up previously from $134.00) on shares of Deere & Company in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Deere & Company currently has an average rating of “Hold” and an average price target of $143.68.

COPYRIGHT VIOLATION NOTICE: “Deere & Company (DE) To Go Ex-Dividend on December 28th” was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at

About Deere & Company

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Dividend History for Deere & Company (NYSE:DE)

What are top analysts saying about Deere & Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Deere & Company and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit