Deere & Co (DE)

[TomK]

I would love to hear opinions from the folks here about DE as a dividend growth candidate. I've always stayed away from companies like CAT and DE, I think mostly because my impression is that they are heavily cyclical and as such, would have a tough time being consistent in the dividend payment, and growth, over the long haul. A quick look at DE's dividend history bears this out a bit, but in recent years they have gotten it together and have been growing the dividend nicely. It came to my attention in the FAST Graphs article posted today, suggesting that DE is somewhat undervalued at these prices, which always gets me excited.

So does DE deserve a spot in a conservative DG portfolio, or am I going to lose sleep over it?