This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

7 Dividend Stocks That Want to Pay You More Cash

Deere

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Heavy equipment maker Deere (DE) is another firm that's benefitting from economic tailwinds right now. The company makes machines used in everything from construction to agriculture, a market that got hit hard in the recession as investments in capital-intense equipment dropped off. Now, though, the firm's push toward international exposure is paying off at the same time domestic sales heat up again.

Behind Deere's success is a major brand that's recognized the world around. After all, how many other tractor makers sell their logo apparel to people who've never sat in a combine? That brand reputation has helped Deere capture around 50% of the North American agriculture market, and as agriculture and infrastructure spending perks up in emerging markets like India and China, Deere should be able to grow its share of those attractive markets as well.

While price point has historically been the stumbling block (Deere's advanced ag machinery isn't cheap), abundant credit and attractive cost-benefit tradeoffs are changing Deere's emerging markets business for the better.

Management increased the firm's dividend by 12.2% on Leap Day, to 46 cents per share. Even though Deere's 1.97% dividend yield doesn't exactly qualify the firm for core-holding status, income investors shouldn't ignore this stock for its dividend alone. After all, investors who bought shares back in 2010 are looking at a cost yield of 3.7% right now. As long as dividend hikes keep coming, new investors should be targeting a similar outcome.

Deere shows up on a list of Industrial Stocks Bought and Sold by Hedge Funds in the fourth quarter, and it was highlighted in " 7 Stocks Set to Rise Above $100 in 2012."

3 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs