DuPont de Nemours, Inc. (DD) to Issue Quarterly Dividend of $0.41 on March 17th

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 of this dividend is Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38.

DuPont de Nemours has a dividend payout ratio of 30.6% 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 $1.52 annual dividend with an expected future payout ratio of 31.5%.

DuPont de Nemours Stock Performance

NYSE DD opened at $81.75 on Friday. The stock’s fifty day moving average is $78.00 and its two-hundred day moving average is $81.32. The firm has a market capitalization of $34.18 billion, a P/E 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 has a fifty-two week low of $68.21 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DD. BMO Capital Markets boosted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Citigroup boosted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $99.17.

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.