Is Deere an Excellent Defensive Dividend Stock to Buy?

By Parkev Tatevosian, CFA – May 24, 2023 at 6:45AM

NYSE: DE

Deere & Company

Market Cap

$111B

Today's Change

(-0.60%) -$2.40

Current Price

$397.21

Price as of April 23, 2024, 4:00 p.m. ET

Deere reported second-quarter financial results that had huge implications for dividend stock investors.

Fool.com contributor and finance professor Parkev Tatevosian shares his insights after reviewing Deere's (DE -0.60%) latest financial release.

*Stock prices used were the afternoon prices of May 21, 2023. The video was published on May 23, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.