However, they may be missing out if they are bypassing dividend stocks altogether, according to Neuberger Berman senior portfolio manager Sandy Pomeroy, who manages the Neuberger Berman Equity Income Fund (NBHAX) . Right now, dividend stocks haven't been this cheap since the tech boom of the 1990s, Pomeroy said. Dividend stocks have underperformed this year: The SPDR S & P Dividend ETF (SPYD) has a total return of -5% in 2023, per FactSet. In comparison, the SPDR S & P 500 ETF (SPY) has a total return of nearly 15%. Deere, which has a 1.3% dividend yield, reported an earnings and revenue beat before the bell Friday.

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Persons: Neuberger Berman, Sandy Pomeroy, Pomeroy, NBHAX, Eaton Organizations: Neuberger, Neuberger Berman Equity Income, Treasury, Neuberger Berman Equity, Caterpillar, Deere, PNC Locations: industrials