DuPont de Nemours, Inc. (NYSE:DD) Increases Dividend to $0.41 Per Share

DuPont de Nemours, Inc. (NYSE:DD) declared a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders of record on Monday, March 3rd will be given 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%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38.

DuPont de Nemours has a payout ratio of 30.6% meaning 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 Down 1.4 %

Shares of NYSE:DD traded down $1.19 during midday trading on Friday, reaching $81.67. The company had a trading volume of 2,763,047 shares, compared to its average volume of 2,548,439. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock’s fifty day moving average price is $77.67 and its 200-day moving average price is $81.17. The stock has a market capitalization of $34.14 billion, a P/E ratio of 48.90, a PEG ratio of 2.14 and a beta of 1.34. DuPont de Nemours has a one year low of $68.21 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Equities research analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DD. Wells Fargo & Company dropped their price target on shares of 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. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. 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 for the company in a research note on Monday, February 10th. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

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.