Shares of NYSE-listed Deere & Co. (DE) will begin trading ex-dividend on Wednesday, March 29. To qualify for a dividend check, investors must have owned Deere shares prior to Wednesday, which is the day the company's management will finalize its roster of shareholders to whom it will mail payments.

Deere stock closed Monday at $107.16 per share, up 1.67% compared to previous day's close. The shares ended 2016 with a gain of around 35%, and the stock has spiked by around 4% YTD in 2017. This compares with a 4.6% increase in the S&P 500 (SPX) index for 2017. Deere stock has risen around 33.55% over the past 12 months, while the S&P 500 has risen almost 15% during the same period. (See also: Deere & Co.: How it Makes Money?)

In the recent quarterly results announced on February 17, the Moline, Illinois-based company reported EPS of $0.61 per share, which came in better than the street expected EPS of $0.5. The quarterly revenue stood at $4.7 billion, which came in better than the street expected figure of $4.656 billion.

Meanwhile, the company projects total equipment sales to increase about 4% year-over-year in fiscal 2017 and to increase around 1% in the second quarter of fiscal 2017, compared with same periods in the previous years. (For more, see Deere to Pay $275,000 to Settle Whistleblower Suit.)


Based on Monday's closing price of $107.16, Deere's $0.60 per share quarterly dividend yields 2.24% annually, or about 0.90 percentage points lower than the 3.14% average yield of the S&P 500 index. Deere will send its dividend payment on May 01, 2017 to shareholders of record as of March 31, 2017. (See also: Deere & Co Revamps Senior Management Team.)

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