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Despite Excellent Results, This Magnificent Dividend Stock Is Hovering Around a Two-Year Low. Here's Why It Has Become Too Cheap to Ignore.

TheMotleyFool

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Despite Excellent Results, This Magnificent Dividend Stock Is Hovering Around a Two-Year Low. Here's Why It Has Become Too Cheap to Ignore.: https://g.foolcdn.com/editorial/images/787095/gettyimages-155415266-1201x731-66c9cad.jpg

Deere (NYSE: DE) stock has been under pressure as the peak of its earnings boom seems to be over. However, the agriculture, construction, and forestry original equipment manufacturer is still delivering impeccable results that have far exceeded pre-pandemic levels.

Here's why Deere is an excellent dividend stock to buy around its two-year low, even if earnings growth clocks lower in the future.

Image source: Getty Images.

Source Fool.com

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