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Empowering Shareholders with Growth: Deere Enhances Performance and Reports Rising Profits

Author: Benzinga Insights | February 08, 2024 11:05am

By the end of today, February 08, 2024, Deere (NYSE:DE) is set to deliver a dividend payout of $1.47 per share, equating to an annualized dividend yield of 1.63%. Shareholders who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout.

Deere Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-12-28 4 $1.47 1.63% 2023-12-06 2023-12-29 2024-02-08
2023-09-28 4 $1.35 1.34% 2023-08-30 2023-09-29 2023-11-08
2023-06-29 4 $1.25 1.43% 2023-05-31 2023-06-30 2023-08-08
2023-03-30 4 $1.25 1.17% 2023-02-22 2023-03-31 2023-05-08
2022-12-29 4 $1.2 1.1% 2022-12-07 2022-12-30 2023-02-08
2022-09-29 4 $1.13 1.23% 2022-08-31 2022-09-30 2022-11-08
2022-06-29 4 $1.13 1.34% 2022-05-25 2022-06-30 2022-08-08
2022-03-30 4 $1.05 1.19% 2022-02-23 2022-03-31 2022-05-09
2021-12-30 4 $1.05 1.16% 2021-12-08 2021-12-31 2022-02-08
2021-09-29 4 $1.05 1.14% 2021-08-25 2021-09-30 2021-11-08
2021-06-29 4 $0.9 1.0% 2021-05-26 2021-06-30 2021-08-09
2021-03-30 4 $0.9 1.07% 2021-02-24 2021-03-31 2021-05-10

Deere is the leader in terms of dividend yield compared to its industry peers, with Toro (NYSE:TTC) having the highest annualized dividend yield at 1.53%.

Analyzing Deere Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $3.04 to $5.32, indicating the company's dedication to enhancing shareholder value through increased dividends.

YoY Earnings Growth For Deere

earning chart graph

The earnings chart above shows that from 2020 to 2023, Deere has experienced an increase in their earnings from $8.70 per share to $34.66 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.

Recap

This article provides an in-depth analysis of Deere's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $1.47 per share, resulting in an annualized dividend yield of 1.63%.

Deere is the leader in terms of dividend yield compared to its industry peers, with Toro having the highest annualized dividend yield at 1.53%.

The upward trend in dividend per share and earnings per share for Deere from 2020 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.

It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.

[See current stock movements Deere on Benzinga.](https://www.benzinga.com/quote/Deere (NYSE: DE))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: DE TTC

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