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

DuPont de Nemours, Inc. (NYSE:DD) announced a quarterly dividend on Wednesday, October 16th,RTT News reports. Shareholders 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 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% per year 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 Price Performance

Shares of NYSE DD opened at $83.84 on Wednesday. The firm has a market cap of $35.04 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The business’s 50 day moving average is $84.69 and its 200-day moving average is $81.81. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06.

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

Analysts Set New Price Targets

DD has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley increased their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target 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.