Corteva, Inc. (NYSE:CTVA) Declares $0.18 Quarterly Dividend

Corteva, Inc. (NYSE:CTVA) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.18 per share on Monday, March 16th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, March 2nd.

Corteva has raised its dividend payment by an average of 0.2%annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Corteva to earn $3.41 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 21.1%.

Corteva Stock Performance

Corteva stock opened at $72.99 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.58. The company has a market capitalization of $49.32 billion, a PE ratio of 31.19, a P/E/G ratio of 1.86 and a beta of 0.74. The company has a 50 day moving average price of $67.77 and a 200-day moving average price of $68.36. Corteva has a fifty-two week low of $53.40 and a fifty-two week high of $77.41.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.26. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.47 billion. Corteva had a return on equity of 9.37% and a net margin of 9.19%.Corteva’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted ($0.49) EPS. As a group, equities analysts forecast that Corteva will post 2.96 earnings per share for the current year.

Corteva Company Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.