Conservative · Stocks to Consider and Updates

Deere Hikes Payout

The Board of Directors of agriculture and construction machinery manufacturer Deere & Co. (NYSE: DE – $151.40) increased the company’s quarterly dividend 15% to $.69 per share on the common stock. The dividend is payable August 1, 2018, to stockholders of record on June 29. The annualized dividend will total $2.76 per share and yield 1.8% at current levels. In a statement released with the news, CEO Samuel R. Allen added: “Today’s announcement reaffirms our confidence in the company’s present direction and our belief that Deere will continue to deliver significant long-term value to investors and customers. We remain committed that the more durable business model now in place at Deere will result in strong financial performance throughout the business cycle.” The shares, higher by about 27% over the past fifty-two weeks, remain a solid choice for conservative accounts.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s