The Rising Influence of Rising Affluence

[DewDiligence]

DE boosts dividend again:

https://finance.yahoo.com/news/deere-company-raises-dividend-174800137.html

Just two months ago DE raised the annualized dividend to $4.80 (#msg-170637030), and today DE is boosting it again to $5.00.

At the current share price (~$427), the new annualized payout is a yield of 1.2%.

DE, which considers itself a technology growth company rather than an industrial cyclical, has never been a big dividend payer; however, DE has now boosted the dividend by a cumulative 39% ($3.60 to $5.00) in the past 1.5 years.