DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) announced a quarterly dividend on Wednesday, June 24th. Investors of record on Monday, August 31st will be given a dividend of 0.60 per share by the basic materials company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st.
DuPont de Nemours has increased its dividend payment 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. Analysts expect DuPont de Nemours to earn $2.59 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 30.9%.
DuPont de Nemours Price Performance
NYSE:DD opened at $137.48 on Thursday. DuPont de Nemours has a 52-week low of $84.75 and a 52-week high of $157.98. The stock has a fifty day moving average of $143.01 and a 200 day moving average of $137.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.11 and a current ratio of 2.68. The firm has a market capitalization of $55.69 billion, a price-to-earnings ratio of -2,290.92, a P/E/G ratio of 1.33 and a beta of 1.03.
Analysts Set New Price Targets
Several research firms recently weighed in on DD. BMO Capital Markets upped their price objective on shares of DuPont de Nemours from $75.30 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group initiated coverage on shares of DuPont de Nemours in a research report on Monday, June 15th. They set a “neutral” rating and a $159.00 target price for the company. Bank of America decreased their price target on shares of DuPont de Nemours from $150.00 to $141.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings raised shares of DuPont de Nemours from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley upped their target price on shares of DuPont de Nemours from $132.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.20.
Read Our Latest Stock Analysis 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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