Deere (DE) Dividend Payout Ratio: 0.25 (As of Apr. 2026) — 14% Below Median

Deere DE +5.00% 87 Dividend Payout Ratio is 0.25 as of Apr. 2026, which is 14% below its 10-year median of 0.29. GuruFocus rates DE with a GF Score™ of 87/100 and a GF Value™ of $377.63 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 125 Farm & Heavy Construction Machinery companies, Deere ranks better than 56% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Deere's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.25.

The historical rank and industry rank for Deere's Dividend Payout Ratio or its related term are showing as below:

DE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.29 Max: 0.52
Current: 0.37

During the past 13 years, the highest Dividend Payout Ratio of Deere was 0.52. The lowest was 0.15. And the median was 0.29.

DE's Dividend Payout Ratio is ranked better than
56% of 125 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.4 vs DE: 0.37

As of today (2026-06-26), the Dividend Yield % of Deere is 1.07%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Deere was 3.12%. The lowest was 0.79%. And the median was 1.39%.

Deere's Dividends per Share for the months ended in Apr. 2026 was $1.62.

During the past 12 months, Deere's average Dividends Per Share Growth Rate was 4.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 16.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Deere was 99.40% per year. The lowest was 0.00% per year. And the median was 10.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Deere (NYSE:DE) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Deere Dividend Payout Ratio Related Terms

Deere Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Deere's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Deere Dividend Payout Ratio Chart

Deere Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Dividend Payout Ratio

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0.19

0.15

0.23

0.35

Deere Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.24	0.34	0.41	0.67	0.25

DE vs PCAR, CNH, AGCO: Dividend Payout Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Deere's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Deere Dividend Payout Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Deere's Dividend Payout Ratio falls into.

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87GF Score

Deere & Co DE

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Deere Dividend Payout Ratio Calculation

Deere's Dividend Payout Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2025 )	/	EPS without NRI (A: Oct. 2025 )
	=	6.48	/	18.332
	=	0.35

Deere's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Apr. 2026 )	/	EPS without NRI (Q: Apr. 2026 )
	=	1.62	/	6.55
	=	0.25

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.25 mean?

Deere (DE) has a Dividend Payout Ratio of 0.25 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Deere and its competitors. This is 14% below median its historical median of 0.29. Over the past decade, Deere's Dividend Payout Ratio has ranged from 0.15 to 0.52. According to the industry distribution chart, Deere ranks #55 out of 125 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 44%.

Is Deere's Dividend Payout Ratio too high?

Deere's current Dividend Payout Ratio of 0.25 is 14% below median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.52. The Farm & Heavy Construction Machinery industry median Dividend Payout Ratio is 0.40. Deere's value of 0.25 is 37.5% below this industry median. Based on the distribution chart, Deere ranks #55 out of 125 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Deere has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Deere's Dividend Payout Ratio compare to PCAR and CNH?

According to the Farm & Heavy Construction Machinery industry distribution chart, Deere ranks #55 out of 125 companies for Dividend Payout Ratio. This puts Deere in the upper half of its industry. The industry median Dividend Payout Ratio is 0.40. Deere's value of 0.25 is 37.5% below this benchmark. Historically, Deere's own Dividend Payout Ratio has ranged from 0.15 to 0.52 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.40, Deere has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Farm & Heavy Construction Machinery company?

The median Dividend Payout Ratio among Farm & Heavy Construction Machinery companies is 0.40, based on 125 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deere's current Dividend Payout Ratio of 0.25 is 37.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Deere and its competitors. For the Farm & Heavy Construction Machinery industry, the median Dividend Payout Ratio is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deere's current Dividend Payout Ratio is 0.25, which is 14% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Deere stock overvalued right now?

Based on GuruFocus' analysis, Deere (DE) is currently considered Significantly Overvalued. The stock's GF Value™ is $377.63, compared to a current price of $630.76 — trading 67% above its estimated fair value. The current Dividend Payout Ratio is 0.25, which is 14% below median its 10-year median of 0.29 and 37.5% below the Farm & Heavy Construction Machinery industry median of 0.40. Deere's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Deere (DE), the current Dividend Payout Ratio is 0.25 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Deere (DE) Overvalued in 2026?

Based on GuruFocus' analysis, Deere stock appears to be overvalued. The current stock price of $630.76 is trading 67% above its estimated GF Value™ of $377.63. GuruFocus considers Deere to be Significantly Overvalued.

Key valuation signals for DE:

Dividend Payout Ratio: 0.25 (14% below median its 10-year median of 0.29)
GF Value™: $377.63 vs. price of $630.76 (67% above fair value)
GF Score™: 87/100 with 3 warning signs
Industry Position: 37.5% below the Farm & Heavy Construction Machinery median (#55 of 125)

No single metric tells the full story. See the DE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Deere Business Description

Industry Industrials Farm & Heavy Construction Machinery

Comparable Companies PCAR CNH AGCO OSK TEX FSS BLBD ALG ASTE LNN CAT OSTO:VOLV B TSE:6201 XTER:DTG TSE:6301 OSTO:EPI A SHSE:600031 TSE:6326 SZSE:000425 XAMS:EXO

Other Exchanges DE:Mexico DCOd:UK 0R2P:UK DCO:Germany DEER:Canada DEEC34:Brazil DE:Argentina

Address One John Deere Place, Moline, IL, USA, 61265

Website https://www.deere.com

Deere is the world's leading manufacturer of agricultural equipment and a major producer of construction machinery. The company is divided into four reporting segments: production & precision agriculture, or PPA, small agriculture & turf, or SAT, construction & forestry, or CF, and financial services, or FS, its captive finance subsidiary. The core PPA business is the largest contributor to sales and profits by far. Geographically, Deere sales are 60% US/Canada, 17% Europe, 14% Latin America, and 9% rest of the world. Deere goes to market through a robust dealer network that includes over 2,000 dealer locations in North America with reach into over 100 countries. John Deere Financial provides retail financing for machinery to its customers and wholesale financing for dealers.

87GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$630.76

Price

$377.63

GF Value

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