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

DuPont de Nemours, Inc. (NYSE:DD) declared a quarterly dividend on Wednesday, October 16th, RTT News reports. Investors 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 dividend on an annualized basis and a yield of 1.78%.

DuPont de Nemours has raised its dividend by an average of 6.3% annually over the last three years. DuPont de Nemours has a dividend payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Analysts expect DuPont de Nemours to earn $4.40 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 34.5%.

DuPont de Nemours Stock Performance

DD stock traded up $0.58 during trading hours on Wednesday, reaching $85.29. The stock had a trading volume of 949,310 shares, compared to its average volume of 2,546,782. The stock has a market capitalization of $35.66 billion, a PE ratio of 103.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The stock has a 50-day simple moving average of $82.92 and a 200 day simple moving average of $80.16. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. Analysts predict that DuPont de Nemours will post 3.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Citigroup lowered their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $94.91.

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.