DuPont de Nemours, Inc. (NYSE:DD) Declares Dividend Increase – $0.41 Per Share

DuPont de Nemours, Inc. (NYSE:DD) announced a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.41 per share by the basic materials company on Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38.

DuPont de Nemours has a payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Analysts expect DuPont de Nemours to earn $4.83 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 31.5%.

DuPont de Nemours Price Performance

Shares of DD stock traded down $1.19 during trading hours on Friday, reaching $81.67. The company had a trading volume of 2,763,048 shares, compared to its average volume of 2,542,163. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a fifty day moving average of $77.68 and a 200-day moving average of $81.20. The company has a market capitalization of $34.14 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours has a 12-month low of $68.21 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, equities analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research reports. BMO Capital Markets upped their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Citigroup upped their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company dropped their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $98.75.

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.