John Deere (DE): The New Dividend Payer For My Passive Income Portfolio

I put some shares of the farm equipment manufacturer Deere into the Dividend Yield Passive Income Portfolio. Deere pays a 2.43 percent dividend yield and is valuated with a P/E of 10.35. The forward P/E amounts to 9.95. Analysts predict the future 5-Year earnings per share growth at 9 percent yearly. I don’t like the business model because of its capital intensive structure. Deere...

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