Why it’s on the map
Tractors/combines are NOT on Canada's list (only balers, mowers, trailers, parts). Real pain is about $1.1B gross / about $750M net FY26 tariff cost on imported steel/components. Stock near highs prices a 2027 upcycle.
Government money & contracts
GSA/DoD contracts (values unverified).
Customers & commercial
Farmers, construction.
Catalysts
Early orders; FY27 guide.
Risk
US/Canada large-ag sales -15–20% for the year.
Tariff durability
Input-cost loser, not a retaliation loser.
Dividend · #36 of 47 payers by yield
0.96% yield
$6.48 a share a year · quarterly · pays Feb · May · Aug · Nov
Per payment$1.62a share, 4× a year
Next payoutNov 9declared · $1.62 a share
Last ex-dateJun 30, 2026own it before the ex-date to collect
Last paidAug 10, 2026$1.62 a share
Payout ratio36%of earnings · well covered
Raised5 yrsconsecutive years of increases
Shares at the Oct 30 close of $675.481.48
Each payment$2.40
Per year · 4 payments$9.59
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Sept 30, 2026 | Nov 9, 2026 | $1.62 | declared, upcoming |
| Jun 30, 2026 | Aug 10, 2026 | $1.62 | |
| Mar 31, 2026 | May 8, 2026 | $1.62 | |
| Dec 31, 2025 | Feb 9, 2026 | $1.62 |
Yield = $1.62 × 4 ÷ the Oct 30 close of $675.48. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source