We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Deere Rewards Investors With 15% Quarterly Dividend Hike
Read MoreHide Full Article
The agriculture equipment maker, Deere & Company (DE - Free Report) , has announced a hike of 15% in its quarterly cash dividend. The company will now pay a dividend of 69 cents per share, up from the 60 cents paid earlier. The raised dividend will be paid on Aug 1, to shareholders of record as on Jun 29, 2018.
Based on the increased rate, the annual dividend comes to $2.76 a share, resulting in yield of about 1.8%, considering Deere’s closing price of $155.08 on May 30. The company has been consistently increasing its dividends. This reflects Deere’s continued efforts to boost shareholders’ wealth.
Since 2010, Deere has raised its dividend by 146%. From paying 28 cents a share as quarterly dividend in 2010, it has come a long way in displaying its capital strength. Prior to this hike, the company had raised its dividend by 20% in 2014.
Notably, Deere has strong fundamentals to back dividend hikes. In fact, the company has been a decent performer, beating the Zacks Consensus Estimate in three out of the past four quarters, with an average positive surprise of 4.21%. Moreover, Deere’s return on equity (ROE) is 27.7%, significantly higher than the industry’s ROE of 9.4%.
Deere’s performance will also be supported by solid growth outlook for equipment sales in fiscal 2018. Its equipment sales are expected to rise around 30% year over year, driven by improved operational performance, and continued investment in innovative technology and solutions. Rising replacement demand, strength in Brazil, higher housing starts, improving oil and gas sector, and the Wirtgen acquisition also bode well for its performance.
Moreover, shares of the company have outperformed the industry in a year’s time. The stock has gained around 24% compared to 21% growth recorded by the industry during the period.
Axon Enterprise has a long-term earnings growth rate of 25%. Its shares have appreciated 161%, over the past year.
Caterpillar has a long-term earnings growth rate of 13.3%. The company’s shares have been up 47% in the past year.
Terex has a long-term earnings growth rate of 21%. The stock has gained 21% in a year’s time.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Deere Rewards Investors With 15% Quarterly Dividend Hike
The agriculture equipment maker, Deere & Company (DE - Free Report) , has announced a hike of 15% in its quarterly cash dividend. The company will now pay a dividend of 69 cents per share, up from the 60 cents paid earlier. The raised dividend will be paid on Aug 1, to shareholders of record as on Jun 29, 2018.
Based on the increased rate, the annual dividend comes to $2.76 a share, resulting in yield of about 1.8%, considering Deere’s closing price of $155.08 on May 30. The company has been consistently increasing its dividends. This reflects Deere’s continued efforts to boost shareholders’ wealth.
Since 2010, Deere has raised its dividend by 146%. From paying 28 cents a share as quarterly dividend in 2010, it has come a long way in displaying its capital strength. Prior to this hike, the company had raised its dividend by 20% in 2014.
Deere & Company Price
Deere & Company Price | Deere & Company Quote
Notably, Deere has strong fundamentals to back dividend hikes. In fact, the company has been a decent performer, beating the Zacks Consensus Estimate in three out of the past four quarters, with an average positive surprise of 4.21%. Moreover, Deere’s return on equity (ROE) is 27.7%, significantly higher than the industry’s ROE of 9.4%.
Deere’s performance will also be supported by solid growth outlook for equipment sales in fiscal 2018. Its equipment sales are expected to rise around 30% year over year, driven by improved operational performance, and continued investment in innovative technology and solutions. Rising replacement demand, strength in Brazil, higher housing starts, improving oil and gas sector, and the Wirtgen acquisition also bode well for its performance.
Moreover, shares of the company have outperformed the industry in a year’s time. The stock has gained around 24% compared to 21% growth recorded by the industry during the period.
Zacks Rank & Key Picks
Deere carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector are Axon Enterprise, Inc , Caterpillar Inc. (CAT - Free Report) and Terex Corporation (TEX - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Axon Enterprise has a long-term earnings growth rate of 25%. Its shares have appreciated 161%, over the past year.
Caterpillar has a long-term earnings growth rate of 13.3%. The company’s shares have been up 47% in the past year.
Terex has a long-term earnings growth rate of 21%. The stock has gained 21% in a year’s time.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>