๐๐๐I like $John Deere(DE)$
The company was named after John Deere, a blacksmith who developed the first commercially successful self scouring steel plow in 1837. John Deere is synonymous with quality products as he said that he will never put his name on a product that does not have the best that is in him.
Interestingly John Deere's largest individual shareholder is Bill Gates who owns 3.8% shares while Berkshire Hathaway owns 7.2%sgares of John Deere.
In August 2024, John Deere reported a net income of USD 1.734 billion for the 3rd quarter compared to a net income of USD 2.978 billion in the previous year quarter. Its EPS was USD 6.29 for the latest quarter compared to USD 10.20 per share.
This was due to challenging conditions in the Global agricultural and construction sector.
Performance wise John Deere is up 1.6% on Monday and 3.2% in the past 5 days. The company is up 4.2% year todate and in 2023, it has risen 11.8%.
What I like about John Deere is that it has consistently rewarded shareholders with dividends and stock buybacks over the years. The current dividend yield is 1.7% but the payout ratio is just 16%. This means that John Deere is only spending 16 cents for every dollar it earns in dividends.
Over the last 10 years, John Deere's dividends has increased 145%. It was actually a Dividend Aristocrat until the Covid Pandemic.
John Deere is a solid company, given its dominant position in the agricultural sector and profitable too. Its growth is slow and steady, but reliable and dependable - just the kind of company to keep in my portfolio long term.
@Tiger_Earnings @TigerStars @Tiger_comments
๐Capturing Top 10 Ex_dividend: ESS, IIPR, AVB, DE, ARE...
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Simon investmentยท11-22TOPๅฎถ้็ๅๆบ่ฎพๅค้ฝๆฏ่ฟ้ดๅ ฌๅธ็่ฎพๅค๏ผๆๅ ฅๆ็่ฟไธช่ก็ฅจ๐1Report
- Barcodeยท10-02๐ค๐บ๐2Report