DowDuPont Inc (NYSE:DWDP) announced a quarterly dividend on Friday, October 12th, Wall Street Journal reports. Stockholders of record on Friday, November 30th will be given a dividend of 0.38 per share on Friday, December 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, November 29th.
DowDuPont has a payout ratio of 36.5% meaning its dividend is sufficiently covered by earnings. Analysts expect DowDuPont to earn $4.91 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 31.0%.
Shares of DowDuPont stock traded up $0.68 during mid-day trading on Friday, hitting $59.66. The stock had a trading volume of 10,152,363 shares, compared to its average volume of 8,588,043. DowDuPont has a 12-month low of $58.81 and a 12-month high of $77.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15. The stock has a market cap of $149.78 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business had revenue of $24.25 billion during the quarter, compared to analysts’ expectations of $23.71 billion. The business’s revenue for the quarter was up 75.3% on a year-over-year basis. Equities analysts expect that DowDuPont will post 4.16 earnings per share for the current fiscal year.
DWDP has been the subject of a number of research analyst reports. ValuEngine raised shares of DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Citigroup lowered their price objective on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Nomura cut shares of DowDuPont from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $81.00 to $76.00 in a research report on Wednesday, September 26th. Barclays lowered their price objective on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Finally, MED reaffirmed a “buy” rating and set a $90.00 price objective on shares of DowDuPont in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. DowDuPont has a consensus rating of “Buy” and a consensus price target of $80.31.
In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward D. Breen bought 29,580 shares of DowDuPont stock in a transaction on Wednesday, August 8th. The shares were acquired at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. 0.42% of the stock is owned by corporate insiders.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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