Deere Boosts Dividend to $1.62 as Precision Ag Drives Mixed Analyst View
Deere & Company’s board declared a quarterly dividend of $1.62 per share payable May 8 to shareholders of record on March 31. Jim Cramer spotlighted its AI-driven precision agriculture after Q1 net income of $656M and $9.61B revenue, while the firm anticipates a $1.2B tariff headwind alongside mixed $550/$730 analyst targets.
1. Quarterly Dividend Declaration
Deere & Company’s board declared a quarterly dividend of $1.62 per share, payable May 8 to shareholders of record on March 31.
2. Q1 Financial Performance
In its fiscal first quarter, the company posted net income of $656 million on $9.61 billion revenue and projected a $1.2 billion tariff-related charge for the year.
3. Analyst and Market Commentary
Jim Cramer highlighted the growth potential of its AI-driven precision agriculture, while Jefferies issued a Hold rating with a $550 target and Morgan Stanley reiterated an Overweight stance with a $730 target.