DuPont de Nemours, Inc. (NYSE:DD) Raises Dividend to $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 paid 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%. The ex-dividend date is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38.

DuPont de Nemours has a dividend payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. 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 $1.52 annual dividend with an expected future payout ratio of 31.5%.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $81.75 on Friday. DuPont de Nemours has a one year low of $68.21 and a one year high of $90.06. The stock has a fifty day moving average of $78.00 and a 200-day moving average of $81.32. The company has a market capitalization of $34.18 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on DD. BMO Capital Markets increased their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Citigroup increased their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.17.

About DuPont de Nemours

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.