7 Dividend Stocks to Increase Your Returns
$35 billion equipment firm Deere (DE) owns a sizable chunk of the agriculture and construction markets with its easily recognizable line of green heavy machinery. Last week, the company increased its dividend payout by 17.1%, also a sizable chunk. That hike brings Deere's total quarterly dividend to 41 cents per share, a 1.95% yield.
The past years have been tough for Deere as a seizing construction market caught up with a rough credit market for the company's lending arm. Despite that double-exposure to the financial crisis, the company has managed to keep its head above water, buoyed in large part by solid lending practices and now by fast-rising soft commodity costs. While competition in lucrative emerging market countries continues to be fierce, Deere is well-positioned to take advantage of the growth opportunities to be found in the BRICs.While Deere's payout hardly makes it a high-yield play, it's important to remember that dividend yields aren't the same for everyone -- they're based on your cost basis. As a result, for investors that picked up shares around early 2009 lows, Deere's current yield is creeping up on 6%. Deere was highlighted recently in "5 Large-Cap Stocks for a Choppy Market."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV