DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) declared a quarterly dividend on Thursday, February 19th. Investors of record on Monday, March 2nd will be paid a dividend of 0.20 per share by the basic materials company on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, March 2nd.
DuPont de Nemours has raised its dividend by an average of 1.1%annually over the last three years. DuPont de Nemours has a dividend payout ratio of 16.1% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.80 annual dividend with an expected future payout ratio of 16.6%.
DuPont de Nemours Stock Up 0.2%
DD stock traded up $0.12 during midday trading on Friday, reaching $50.36. 792,109 shares of the company were exchanged, compared to its average volume of 5,138,279. The company has a market cap of $20.59 billion, a price-to-earnings ratio of -27.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 2.42. DuPont de Nemours has a 1-year low of $22.50 and a 1-year high of $52.66. The stock’s 50-day simple moving average is $44.07 and its 200 day simple moving average is $37.77.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on DD. Wall Street Zen raised DuPont de Nemours to a “hold” rating in a report on Saturday, January 10th. Citigroup increased their target price on shares of DuPont de Nemours from $50.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada raised their price target on DuPont de Nemours from $51.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $46.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $51.86.
Read Our Latest Stock Report on DuPont de Nemours
DuPont de Nemours Company Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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