189-year-old dividend stock offers 19% upside in March 2026

Few companies connected Wall Street tin assertion implicit 50 years of continuous dividend payments. Deere & Company, founded successful 1837, is 1 of them.

That benignant of staying powerfulness reflects a concern built to endure downturns, commodity cycles, and adjacent tariff headwinds.

And close now, Wall Street thinks the marketplace is undervaluing this classical dividend stock.

Based connected 16 expert ratings collected implicit the past 3 months, the mean 12-month price people for Deere (DE) stock is $687, a 19% premium to its existent price.

Ten analysts complaint it a “Buy”. Five urge “Hold,” and 1 recommends a “Sell”.

Deere operates crossed 4 concern segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.

In plain terms, it builds the machines that provender the satellite and the roads that link it. It besides sells the bundle that makes those machines smarter.

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The company's Q1 fiscal 2026 earnings (ended successful January), showed each 4 segments increasing nett income year-over-year.

• Equipment operations nett income climbed 18% to $8 billion. Construction and Forestry unsocial surged 34%. Small Ag and Turf jumped 24%.

• That benignant of broad-based maturation is what you privation to spot from a dividend banal amid a challenging macro environment.

• Management besides raised full-year guidance. Net income is present expected betwixt $4.5 cardinal and $5 billion.

• Cash travel from instrumentality operations was raised by $500 cardinal astatine some ends of the range, present projected betwixt $4.5 cardinal and $5.5 billion.

Chief Financial Officer Josh Jepsen summed up the 4th plainly:

"All concern segments operated efficiently and delivered results up of plan."

According to information from Fiscal.ai, Deere's annualized dividend is expected to summation to $6.48 per stock successful 2026, up from $0.78 per stock successful fiscal 2006.

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Analysts tracking the dividend banal forecast escaped currency travel to grow from $6.10 cardinal successful fiscal 2025 to $7.40 cardinal successful 2028.

With an yearly dividend disbursal of $1.75 billion, the dividend is good covered, portion allowing the institution to people integrated maturation and acquisitions.

• Dividend per stock (FY2026 estimates): $6.48

• Dividend history: Continuous payments since 1972

• Payout consistency: Raised done aggregate downturns, including the existent one

• Dividend payout ratio successful fiscal 2026: less than 50%