DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.20 per share by the basic materials company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, March 2nd.
DuPont de Nemours has raised its dividend payment by an average of 1.1%annually over the last three years. DuPont de Nemours has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 $0.80 annual dividend with an expected future payout ratio of 16.6%.
DuPont de Nemours Stock Performance
Shares of DD stock opened at $50.35 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. The company has a market cap of $20.59 billion, a PE ratio of -27.07, a P/E/G ratio of 1.26 and a beta of 1.10. The company’s fifty day simple moving average is $44.26 and its 200-day simple moving average is $37.92. DuPont de Nemours has a 52 week low of $22.50 and a 52 week high of $52.66.
Insider Activity
In other news, CEO Lori Koch sold 9,011 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer directly owned 288,326 shares in the company, valued at approximately $11,377,343.96. The trade was a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Erik T. Hoover sold 6,005 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the sale, the senior vice president directly owned 112,101 shares in the company, valued at approximately $4,460,498.79. This represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.61% of the stock is owned by insiders.
Institutional Trading of DuPont de Nemours
Institutional investors have recently added to or reduced their stakes in the business. Obermeyer Wealth Partners grew its position in shares of DuPont de Nemours by 73.6% during the second quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock worth $1,726,000 after acquiring an additional 10,663 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in DuPont de Nemours by 39.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 104,565 shares of the basic materials company’s stock valued at $8,146,000 after purchasing an additional 29,473 shares during the period. Prospera Financial Services Inc grew its position in DuPont de Nemours by 19.1% in the 2nd quarter. Prospera Financial Services Inc now owns 94,434 shares of the basic materials company’s stock worth $6,477,000 after purchasing an additional 15,144 shares during the last quarter. Drummond Knight Asset Management Pty Ltd increased its stake in shares of DuPont de Nemours by 107.9% in the second quarter. Drummond Knight Asset Management Pty Ltd now owns 704,489 shares of the basic materials company’s stock valued at $48,321,000 after purchasing an additional 365,619 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of DuPont de Nemours by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 3,169,908 shares of the basic materials company’s stock valued at $246,936,000 after buying an additional 29,543 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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