How To Earn $500 A Month From Deere Stock Following Upbeat Earnings
Portfolio Pulse from Lisa Levin
Deere & Co (NYSE:DE) reported a 1% Y/Y decrease in net sales and revenue at $15.41 billion, beating consensus estimates of $13.69 billion. EPS was $8.26, exceeding the $7.47 consensus. FY24 net income is projected at $7.75 billion-$8.25 billion, below market estimates of $9.33 billion. Deere's dividend yield is 1.46%, with a quarterly dividend of $1.35 per share. To earn $500 monthly from dividends, an investor would need 1,111 shares, valued at approximately $411,914. For $100 monthly, 222 shares or $82,309 would be needed. Dividend yield fluctuates with stock price and dividend changes. DE shares dropped 3.1% to close at $370.76 on Wednesday.
November 24, 2023 | 1:29 pm
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Deere & Co reported higher-than-expected Q4 earnings but projected FY24 net income below market estimates. The company maintains a dividend yield of 1.46%, with shares falling 3.1% after the announcement.
Despite the upbeat earnings, the projected net income for FY24 is below market expectations, which could lead to bearish sentiment in the short term. The drop in share price following the earnings report indicates a negative market reaction. However, the stable dividend may provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100