Deere Doesn't Raise

[Kerim]

I hadn't taken a close look at DE in a while, but it looks to me like they've officially given up the 11-year streak of year-over-year dividend increases -- at least the way I track them. Dividend has been 60 cents per share since Q3 of 2014, which was a raise from 51 cents. So 2014 saw an increase to $2.22 from the $1.99 paid in 2013. Four quarters of 60 cents in 2015 meant a total of $2.40 for the year, an improvement over 2014. But in 2016, we're getting another four quarters of 60 cents, for another $2.40. So the streak is over.

Anyone looking at this differently?