DuPont de Nemours, Inc. (NYSE:DD) to Issue $0.38 Quarterly Dividend

DuPont de Nemours, Inc. (NYSE:DD) announced a quarterly dividend on Wednesday, October 16th, RTT News reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.38 per share by the basic materials company on Monday, December 16th. This represents a $1.52 dividend on an annualized basis and a yield of 1.78%.

DuPont de Nemours has increased its dividend by an average of 6.3% per year over the last three years. DuPont de Nemours has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect DuPont de Nemours to earn $4.40 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 34.5%.

DuPont de Nemours Price Performance

Shares of NYSE DD traded up $0.58 during trading on Wednesday, reaching $85.29. The company had a trading volume of 949,310 shares, compared to its average volume of 2,546,782. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The business’s 50 day moving average price is $82.92 and its 200-day moving average price is $80.16. The stock has a market cap of $35.66 billion, a PE ratio of 103.33, a PEG ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Analysts expect that DuPont de Nemours will post 3.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DD shares. Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada raised their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $94.91.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.