DuPont de Nemours, Inc. (DD) to Issue Quarterly Dividend of $0.38 on December 16th

DuPont de Nemours, Inc. (NYSE:DD) declared a quarterly dividend on Wednesday, October 16th,RTT News reports. Shareholders of record on Friday, November 29th will be given 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 1.81%. The ex-dividend date of this dividend is Friday, November 29th.

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 34.2% meaning 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 Trading Down 0.7 %

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

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley lifted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.