DuPont de Nemours, Inc. Plans Quarterly Dividend of $0.38 (NYSE:DD)

DuPont de Nemours, Inc. (NYSE:DD) announced a quarterly dividend on Thursday, June 27th, RTT News reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.38 per share by the basic materials company on Monday, September 16th. This represents a $1.52 annualized dividend and a yield of 1.90%.

DuPont de Nemours has raised its dividend payment by an average of 6.3% per year over the last three years. DuPont de Nemours has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect DuPont de Nemours to earn $4.24 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 35.8%.

DuPont de Nemours Stock Down 0.1 %

DD stock opened at $79.96 on Friday. The company’s 50 day simple moving average is $78.81 and its 200-day simple moving average is $74.52. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $82.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a market capitalization of $33.43 billion, a P/E ratio of 97.51, a P/E/G ratio of 2.50 and a beta of 1.36.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that DuPont de Nemours will post 3.63 EPS for the current year.

Analyst Ratings Changes

DD has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price target for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Mizuho lifted their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and upped their target price for the stock from $85.00 to $95.00 in a research report on Tuesday, May 28th. Finally, Wolfe Research started coverage on DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.09.

Insider Activity

In related news, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the sale, the insider now directly owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

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.