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

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) announced a quarterly dividend on Friday, February 21st, RTT News reports. Investors 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 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend 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 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

DD traded up $0.03 during trading on Tuesday, hitting $81.85. The stock had a trading volume of 2,370,434 shares, compared to its average volume of 2,533,604. The firm has a market capitalization of $34.22 billion, a P/E ratio of 49.01, a PEG ratio of 2.15 and a beta of 1.34. The company's 50-day moving average price is $77.75 and its 200 day moving average price is $81.30. 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 twelve month low of $68.21 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities research analysts forecast that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DD. StockNews.com upgraded DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Thursday, February 20th. Citigroup increased their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Finally, BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.