{"id":2498,"date":"2026-03-27T14:56:23","date_gmt":"2026-03-27T14:56:23","guid":{"rendered":"https:\/\/stock999.top\/?p=2498"},"modified":"2026-03-27T14:56:23","modified_gmt":"2026-03-27T14:56:23","slug":"189-year-old-dividend-stock-offers-19-upside-in-march-2026","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=2498","title":{"rendered":"189-year-old dividend stock offers 19% upside in March 2026"},"content":{"rendered":"

<\/p>\n

Few companies on Wall Street can claim over 50 years of continuous dividend payments. Deere & Company, founded in 1837, is one of them.<\/p>\n

That kind of staying power reflects a business built to endure downturns, commodity cycles, and even tariff headwinds. <\/p>\n

And right now, Wall Street thinks the market is undervaluing this classic dividend stock.<\/p>\n

Based on 16 analyst ratings collected over the past three months, the average 12-month price target for Deere (DE) stock is $687, a 19% premium to its current price. <\/p>\n

Ten analysts rate it a \u201cBuy\u201d. Five recommend \u201cHold,\u201d and one recommends a \u201cSell\u201d.<\/p>\n

Deere is a blue-chip dividend stock\u00a0<\/p>\n

Deere operates across four business segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.<\/p>\n

In plain terms, it builds the machines that feed the world and the roads that connect it. It also sells the software that makes those machines smarter.<\/p>\n

More on dividend stocks:Semiconductor dividend stock shows 40 percent upside as AI demand upWall Street sees 57% upside for iconic tech dividend stockHow much to invest in Coca-Cola for $1,000 annual dividends in 2026<\/p>\n

The company’s Q1 fiscal 2026 earnings (ended in January), showed all four segments growing net sales year-over-year. <\/p>\n

Equipment operations net sales climbed 18% to $8 billion. Construction and Forestry alone surged 34%. Small Ag and Turf jumped 24%.That kind of broad-based growth is what you want to see from a dividend stock amid a challenging macro environment.\u00a0Management also raised full-year guidance. Net income is now expected between $4.5 billion and $5 billion. Cash flow from equipment operations was raised by $500 million at both ends of the range, now projected between $4.5 billion and $5.5 billion.<\/p>\n

Chief Financial Officer Josh Jepsen summed up the quarter plainly:\u00a0<\/p>\n

“All business segments operated efficiently and delivered results ahead of plan.”<\/p>\n

Deere: A focus on dividend growth<\/p>\n

According to data from Fiscal.ai, Deere’s annualized dividend is expected to increase to $6.48 per share in 2026, up from $0.78 per share in fiscal 2006.\u00a0<\/p>\n

Related: Down 23%, is this Warren Buffett dividend stock undervalued?<\/p>\n

Analysts tracking the dividend stock forecast free cash flow to expand from $6.10 billion in fiscal 2025 to $7.40 billion in 2028. <\/p>\n

With an annual dividend expense of $1.75 billion, the dividend is well covered, while allowing the company to target organic growth and acquisitions.\u00a0<\/p>\n

A snapshot of the key numbers to know:Dividend per share (FY2026 estimates): $6.48Dividend history: Continuous payments since 1972\u00a0Payout consistency: Raised through multiple downturns, including the current oneDividend payout ratio in fiscal 2026: less than 50%<\/p>\n

The dividend growth trajectory here is steady and real. That matters in an environment where plenty of companies are cutting or pausing payouts.<\/p>\n

Deere and the AI boom<\/p>\n

It’s easy to think of Deere purely through the lens of agriculture. But the Construction and Forestry segment is positioned to drive future growth.\u00a0<\/p>\n

Deere’s order backlog in Construction and Forestry rose more than 50% in a single quarter, reaching its highest level since May 2024. Retail settlements for construction and compact construction equipment both grew in the mid-teens year over year in Q1.<\/p>\n

What’s driving that? Infrastructure spending tied to U.S. government programs, declining interest rates, and, perhaps most notably, data center construction tied to the artificial intelligence buildout.<\/p>\n

Deere is bullish on AI-powered growth<\/p>\n

Shutterstock<\/p>\n

As Construction and Forestry President Ryan Campbell put it during the earnings call: “There’s a huge demand to support the required infrastructure for AI investments.”<\/p>\n

The company is also launching its first fully Deere-designed excavators, to be unveiled at CONEXPO in Las Vegas. <\/p>\n

Excavators represent 40% of the North American construction equipment industry. Deere hasn’t had its own design in this category before and this is a meaningful shift.<\/p>\n

What’s next for the dividend stock<\/p>\n

Agriculture is still Deere’s largest business. And while large ag has been under pressure, with the North American industry expected to decline 15% to 20% in fiscal 2026, management is seeing early signs of a bottom.<\/p>\n

Used inventory for late-model tractors has dropped sharply.\u00a0Model year 2022 and 2023 8R tractors are down more than 40% from their March 2025 peak.\u00a0Order books for large tractors now stretch into Q4.\u00a0Combines has finished the early order program better than expected.The USDA recently approved a $12 billion Farmer Bridge Assistance program. China has resumed buying U.S. soybeans, while government biofuel policies could provide additional tailwinds.<\/p>\n

None of this is a sharp inflection, but for a dividend stock like Deere, stability in the underlying business is often all income investors need to feel confident about the next payment.<\/p>\n

The company returned nearly$750 million to shareholders through dividends and buybacks in Q1 alone. <\/p>\n

That kind of capital return, in the middle of a down cycle, is a testament to the financial durability that has kept operations running for nearly two centuries.<\/p>\n

Related: This Dow 30 dividend stock is up 100% in the past year<\/p>\n

#189yearold #dividend #stock #offers #upside #March<\/p>\n","protected":false},"excerpt":{"rendered":"

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