DE vs PNR: Dividend Comparison
Dividend data as of
Deere & Co (DE) and PENTAIR plc (PNR) are both in the Industrials sector, making them natural rivals for dividend investors. Both stocks offer similar yields — DE at 1.09% and PNR at 1.01%. Both stocks show similar dividend growth rates, each around 13.5% over the past five years. Both stocks carry a "Safe" dividend safety rating. DE is a Dividend Challenger with 5 years of consecutive increases.
Verdict
Yield Analysis
DE yields 0.08% more than PNR. In dollar terms, DE pays $6.48/share vs PNR's $1.00/share annually.
Dividend Growth
DE: Dividend growth is slowing — the 3-year CAGR of 10.4% trails the 5-year rate of 13.5% and the 10-year rate of 11.7%.
PNR: Dividend growth is accelerating — the 3-year CAGR of 23.1% exceeds the 5-year rate of 13.6% and the 10-year rate of 4.4%.
Dividend Safety
DE: The payout ratio of 35% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.9x.
PNR: The payout ratio of 25% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.9x.
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in DE vs PNR today?
At $606.06 per share, $10,000 buys about 16.5 shares of Deere & Co (DE). Each share pays $6.48 per year in dividends, so the position starts out generating roughly $107 per year — about $9 a month.
At $101.30 per share, $10,000 buys about 98.7 shares of PENTAIR plc (PNR). Each share pays $1.00 per year in dividends, so the position starts out generating roughly $99 per year — about $8 a month.
On day one the two positions generate nearly identical income; the difference comes from what happens to each dividend afterward.
What could $10,000 of DE or PNR income look like in 10 years?
Deere & Co (DE) has raised its dividend about 13.5% a year over the past five years. If that pace held, the $109 per year that $10,000 generates today at the current 1.09% yield would reach $388 per year by 2036 — a 3.9% yield on the original cost.
PENTAIR plc (PNR) has raised its dividend about 13.6% a year over the past five years. If that pace held, the $101 per year that $10,000 generates today at the current 1.01% yield would reach $364 per year by 2036 — a 3.6% yield on the original cost.
On those trailing rates, DE pays more in 2036: $388 versus $364 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would PNR's dividend growth overtake DE's higher yield?
It doesn't, on the trailing numbers. Deere & Co (DE) yields more today (1.09% vs 1.01%) and has also grown its dividend at least as fast (13.5% vs 13.6% a year over five years). Unless PNR accelerates its raises or DE stumbles, PNR never closes the income gap — DE wins on both current income and growth.
Can DE and PNR afford their dividends?
Deere & Co (DE) earns $18.51 per share against $6.48 paid out in dividends — 2.9x coverage (a 35% payout ratio).
PENTAIR plc (PNR) earns $3.93 per share against $1.00 paid out in dividends — 3.9x coverage (a 25% payout ratio).
PNR's wider coverage leaves more cushion if earnings dip. As a rule of thumb, coverage below about 1.5x (a payout ratio above ~65%) is where a dividend starts to look stretched — worth watching for DE if earnings weaken.
Which fits an early-retirement income portfolio better, DE or PNR?
For income you need right now, Deere & Co (DE) leads: $100,000 invested today pays about $91 a month at the current 1.09% yield, versus $85 a month from PENTAIR plc (PNR) at 1.01%.
On consistency: DE has raised its dividend 5 consecutive years.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $433/yr in DE vs $402/yr in PNR by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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