Corteva, Inc. (CTVA) To Go Ex-Dividend on March 3rd

Corteva, Inc. (NYSE:CTVA) declared a quarterly dividend on Monday, January 27th,RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.17 per share on Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, March 3rd.

Corteva has increased its dividend by an average of 6.9% per year over the last three years. Corteva has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Corteva to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 21.1%.

Corteva Trading Down 0.3 %

Shares of Corteva stock opened at $64.26 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 0.96. The firm has a fifty day moving average price of $59.71 and a 200 day moving average price of $57.61. Corteva has a 1 year low of $45.30 and a 1 year high of $64.86. The stock has a market cap of $44.16 billion, a PE ratio of 64.90, a price-to-earnings-growth ratio of 1.63 and a beta of 0.77.

Analyst Ratings Changes

CTVA has been the subject of a number of research reports. Barclays boosted their target price on shares of Corteva from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. UBS Group cut their target price on shares of Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Bank of America boosted their target price on shares of Corteva from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their price target on shares of Corteva from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Citigroup lowered their price target on shares of Corteva from $70.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.94.

Corteva declared that its board has authorized a share repurchase plan on Tuesday, November 19th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

About Corteva

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.