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

DuPont de Nemours, Inc. (NYSE:DD) declared a quarterly dividend on Wednesday, October 16th,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th.

DuPont de Nemours has increased its dividend by an average of 6.3% annually over the last three years. DuPont de Nemours has a dividend payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect DuPont de Nemours to earn $4.46 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 34.1%.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $83.88 on Thursday. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The business’s fifty day simple moving average is $84.71 and its 200-day simple moving average is $81.84. The firm has a market cap of $35.06 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on DD. Morgan Stanley boosted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted 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. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

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.