Corteva, Inc. (CTVA) To Go Ex-Dividend on December 1st

Corteva, Inc. (NYSE:CTVA) announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.05 per share on Tuesday, December 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 1st. This is a 72.2% decrease from Corteva’s previous quarterly dividend of $0.18.

Corteva has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 5 years. Corteva has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Corteva to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 65.5%.

Corteva Stock Down 3.4%

Shares of CTVA stock opened at $12.43 on Friday. Corteva has a 52-week low of $11.74 and a 52-week high of $90.97. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.74 and a beta of 0.57. The firm’s 50-day moving average is $58.71 and its 200-day moving average is $73.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%. Corteva’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $2.20 earnings per share. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Sell-side analysts predict that Corteva will post 1.04 EPS for the current year.

Institutional Trading of Corteva

Hedge funds have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Corteva by 81.6% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 17,627 shares of the company’s stock valued at $1,369,000 after purchasing an additional 7,918 shares during the period. Sigma Planning Corp boosted its position in shares of Corteva by 36.8% in the third quarter. Sigma Planning Corp now owns 5,378 shares of the company’s stock valued at $418,000 after acquiring an additional 1,446 shares during the period. Radnor Capital Management LLC grew its stake in shares of Corteva by 5.6% in the third quarter. Radnor Capital Management LLC now owns 27,201 shares of the company’s stock valued at $2,112,000 after acquiring an additional 1,436 shares in the last quarter. Signaturefd LLC increased its position in Corteva by 18.0% during the third quarter. Signaturefd LLC now owns 15,141 shares of the company’s stock worth $1,176,000 after acquiring an additional 2,314 shares during the period. Finally, BG Investment Services LLC bought a new position in Corteva during the third quarter worth about $825,000. 81.54% of the stock is owned by institutional investors and hedge funds.

Corteva Company Profile

Corteva, Inc (NYSE: CTVA) is an agriculture company that develops and supplies products and services designed to help farmers improve crop productivity, protect yields and manage agricultural challenges. Its business is organized primarily around seed and crop protection products.

The company’s seed portfolio includes branded corn, soybean, cotton, sunflower, canola and other crop varieties, supported by plant genetics and biotechnology. Its crop protection business offers herbicides, insecticides, fungicides and seed-applied treatments, along with biological and digital agriculture solutions intended to support crop health and farm-management decisions.

Corteva was formed through the separation of the agriculture division of DowDuPont and became an independent public company in 2019.