As the day concludes, Deere DE is preparing to distribute a dividend payout of $1.35 per share, resulting in an annualized dividend yield of 1.34%. This payout is exclusive to investors who held the stock before the ex-dividend date on September 28, 2023.
Deere Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2020-12-30 | 4 | $0.76 | 1.19% | 2020-12-02 | 2020-12-31 | 2021-02-08 |
When comparing Deere's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Toro TTC having the highest annualized dividend yield at 1.64%.
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
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $3.04 to $4.51, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Deere
Investors can observe a growth in earnings for Deere from 2019 to 2022, as earnings per share increased from $9.91 to $23.33. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Deere and its implications for shareholders. Presently, the company is distributing a dividend of $1.35 per share, leading to an annualized dividend yield of 1.34%.
When comparing Deere's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Toro having the highest annualized dividend yield at 1.64%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Deere appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[Track real-time stock fluctuations for 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
