DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) announced a quarterly dividend on Tuesday, October 13th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.60 per share by the basic materials company on Tuesday, December 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 30th.
DuPont de Nemours has raised its dividend by an average of 1.1% annually over the last three years. DuPont de Nemours has a payout ratio of 48.3% meaning its dividend is sufficiently covered by earnings. Analysts expect DuPont de Nemours to earn $7.91 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 30.3%.
DuPont de Nemours Stock Performance
DuPont de Nemours stock opened at $129.46 on Wednesday. The stock has a 50-day simple moving average of $134.15 and a 200 day simple moving average of $138.35. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 287.74, a P/E/G ratio of 1.18 and a beta of 1.05. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a 12-month low of $93.70 and a 12-month high of $157.98.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on DD shares. Barclays assumed coverage on shares of DuPont de Nemours in a research report on Tuesday. They set an “overweight” rating and a $156.00 target price on the stock. Zacks Research cut shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, August 3rd. UBS Group dropped their price objective on shares of DuPont de Nemours from $178.00 to $172.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. cut shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $172.00 to $145.00 in a research report on Friday, October 9th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $163.00.
Check Out Our Latest Stock Analysis on DuPont de Nemours
DuPont de Nemours Company Profile
DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.
DuPont’s portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.
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