The Rising Influence of Rising Affluence

[DewDiligence]

DE boosts annualized dividend to $4.80—(from $4.52):

https://finance.yahoo.com/news/deere-company-raises-dividend-six-190400945.html

At the current share price (~$440), the new payout is a yield of ~1.0%.

DE, which considers itself a technology growth company rather than an industrial cyclical, has never been a big dividend payer, but it has now boosted the dividend by a cumulative 33% ($3.60 to $4.80) in 2021 and 2022.