Deere & Company Plans Quarterly Dividend of $0.60 (DE)
Deere & Company (NYSE:DE) announced a quarterly dividend on Wednesday, August 27th, AnalystRatings.Net reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.60 per share on Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.85%.
A number of analysts have recently weighed in on DE shares. Analysts at Macquarie downgraded shares of Deere & Company from a “neutral” rating to an “underperform” rating in a research note on Friday, August 22nd. They now have a $75.00 price target on the stock, down previously from $85.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Deere & Company in a research note on Thursday, August 14th. They now have a $89.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.19.
Deere & Company (NYSE:DE) traded down 0.44% on Wednesday, hitting $83.7301. 2,682,241 shares of the company’s stock traded hands. Deere & Company has a 52 week low of $80.76 and a 52 week high of $94.89. The stock has a 50-day moving average of $86.65 and a 200-day moving average of $89.2. The company has a market cap of $30.302 billion and a price-to-earnings ratio of 9.45.
Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, August 13th. The company reported $2.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.20 by $0.13. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.75 million. Analysts expect that Deere & Company will post $8.37 EPS for the current fiscal year.
Deere & Company (NYSE:DE) along with its subsidiaries, operates in three segments: agriculture and turf, construction and forestry and financial services.
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