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Wednesday, May 28, 2014

Deere (DE) Dividends No Longer Frozen

Today Deere & Co (DE) announced it raised dividends 17.6% from $.51 to $.60 per quarter.

I do not intend to write a post about every dividend raise; it's way too tedious.  I do have interests besides investing by the way :) However this one is important to me because the dividend was technically frozen back in February.  I'm happy to see payouts are growing once again because it gives me confidence to increase my position.  DE now has an income weighting of only 0.36% so I need to more than quadruple it.

It's a shame this announcement wasn't released yesterday.  I think shares are undervalued and would have bought more.
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13 comments:

  1. My Dividend PipelineMay 28, 2014 at 2:35 PM

    CI,

    That is great news. Can you forward the news to someone high up the chain at Intel? :-)

    MDP

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  2. DividendGardenMay 28, 2014 at 2:57 PM

    I was glad to see the increase and added to my position today. It's trading at just under 10x earnings. I am glad to add at these levels.

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    Replies
    1. Compounding IncomeMay 28, 2014 at 10:28 PM

      I plan to add more soon, just have to hope the price goes down :) The thing about DE is that earnings are supposed to decline the next couple years, meaning the forward p/e is higher (about 12). In my opinion it's still cheap though. Best wishes.

      Delete
  3. UnknownMay 28, 2014 at 3:08 PM

    Thanks for the update on Deere, I will add to my watchlist so I can analyze them later. Keep up the great work.
    Dividend Mongrel
    http://dividendmongrel.blogspot.com

    ReplyDelete
  4. Passive Income PursuitMay 28, 2014 at 3:17 PM

    That's good news indeed! Too bad the share price is up in the $90's. I didn't buy when it was lower due to the freeze but now the share price has rebounded ahead of the new increase. And that was quite an increase too. Guess I'll have to wait on this one.

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    Replies
    1. Compounding IncomeMay 28, 2014 at 10:33 PM

      I'm of the opinion that DE is still pretty dang cheap low 90's even if earnings struggle the next few years. Yes I would prefer it to be back in the 80's, but I'd buy here. We'll see what happens next week.

      Thanks for stopping by!

      Delete
  5. Dividend DreamMay 28, 2014 at 4:09 PM

    Thanks good news! Thanks for the update Compounding Income, I missed this one :)

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    Replies
    1. Compounding IncomeMay 28, 2014 at 10:35 PM

      Good news indeed. I'm glad I gave DE some leeway with the freeze. Will keep this in mind next year!

      Delete
  6. MrStockFoxMay 28, 2014 at 7:08 PM

    Thanks for the heads up, i'm tempted to buy more!

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  7. All About InterestMay 29, 2014 at 9:27 PM

    I missed this raise. Thanks for reporting. I need to build my position larger now.

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  8. A Frugal Family's JourneyMay 30, 2014 at 12:05 AM

    I don't own Deere but it appears that many within the Dividend stocks community do. Definitely will be adding DE to my watch list with this positive news out. Hopefully, I'll be able to buy in on or before the next Ex-Div Date of June 30th. :)

    ReplyDelete

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