DuPont de Nemours, Inc. (NYSE:DD) announced a quarterly dividend on Thursday, October 14th, RTT News reports. Shareholders of record on Tuesday, November 30th will be paid a dividend of 0.30 per share by the basic materials company on Wednesday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.72%.
DuPont de Nemours has decreased its dividend payment by 65.0% over the last three years and has raised its dividend every year for the last 1 years. DuPont de Nemours has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect DuPont de Nemours to earn $4.88 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 24.6%.
Shares of NYSE DD opened at $69.66 on Thursday. The firm has a market cap of $36.44 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 1.54 and a beta of 1.50. The company has a quick ratio of 1.99, a current ratio of 2.66 and a debt-to-equity ratio of 0.39. DuPont de Nemours has a 52-week low of $55.22 and a 52-week high of $87.27. The business’s 50 day moving average is $71.97 and its two-hundred day moving average is $76.52.
A number of equities analysts recently commented on the stock. Credit Suisse Group boosted their target price on shares of DuPont de Nemours from $83.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 4th. KeyCorp restated a “buy” rating and issued a $93.00 price objective on shares of DuPont de Nemours in a research note on Thursday, September 16th. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Tuesday, July 13th. Zacks Investment Research upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, October 5th. Finally, TheStreet upgraded shares of DuPont de Nemours from a “d+” rating to a “c” rating in a research note on Tuesday, August 3rd. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Hold” and a consensus target price of $88.39.
In other DuPont de Nemours news, Director Luther C. Iv Kissam purchased 5,000 shares of the stock in a transaction dated Thursday, August 5th. The shares were acquired at an average cost of $75.94 per share, for a total transaction of $379,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rose Lee sold 26,448 shares of the stock in a transaction that occurred on Tuesday, August 24th. The shares were sold at an average price of $74.37, for a total transaction of $1,966,937.76. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
DuPont de Nemours Company Profile
DuPont de Nemours, Inc operates as a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Imaging, Nutrition & Biosciences, Transportation & Industrial, Safety & Construction, and Non-Core.
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