Aug 29, 2015
Buy in USD - Deere & Company (DE)
Trade Price: 79.90
Sector: Industrial - Farm & Construction Machinery
Payout Ratio: 37%
Dividend Increase Streak Years: 11
DGR 3-yr: 9,9%
P/E trailing 12-month: 12.6
Slowly but steadily building my position in Deere. My cost basis is well above $80, so it was a good feeling to average down. Really like the idea of investing in farming equipment, and right now I don't have better idea than this iconic brand. I realized that the company is likely to declare dividend soon and there might be a raise. Well, they really did declare dividend, but it was in line with previous. Considering this I'm quite happy with my 11 shares now, and probably won't add before next ex-dividend date.
I will have more capital available next week, and right now I'm most afraid that the market is back making new ATH's before we know it. Oh well, I will find something to buy even then, but it will be much harder.
My portfolio page has been updated to reflect this trade.
Disclosure: Long DE
What do you think about Deere? A bumpy ride on the stock market this week; did you make any trades?