Corteva, Inc. (NYSE:CTVA) Shares Set to Pay Quarterly Dividend of $0.05

Key Points

• Corteva declared a quarterly dividend of $0.05 per share, payable December 15 to shareholders of record December 1. The payment implies an annualized dividend of $0.20 and a 1.6% yield, but represents a 72.2% reduction from the previous $0.18 quarterly dividend.
• Despite the cut, Corteva has raised its dividend annually for the past five years, and its current payout ratio is 20.5%, indicating that earnings cover the reduced dividend.
• Corteva’s latest quarterly results exceeded earnings expectations, with EPS of $2.30 versus the $2.24 consensus, although revenue of $6.38 billion fell short of expectations and declined 1.2% year over year.

Corteva, Inc. (NYSE:CTVA - Get Free Report) declared a quarterly dividend on Friday, October 23rd. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.05 per share on Tuesday, December 15th. This represents a $0.20 annualized dividend 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 payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 5 years. Corteva has a dividend payout ratio of 20.5% meaning 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 Price Performance

Shares of NYSE:CTVA traded down $0.43 during trading on Friday, reaching $12.43. The stock had a trading volume of 14,703,468 shares, compared to its average volume of 7,216,655. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52. The business has a fifty day moving average price of $60.00 and a 200-day moving average price of $73.83. The stock has a market cap of $8.29 billion, a PE ratio of 8.23, a PEG ratio of 1.78 and a beta of 0.57. Corteva has a 1-year low of $11.74 and a 1-year high of $90.97.

Corteva (NYSE:CTVA - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. The firm 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%. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 earnings per share. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, equities analysts forecast that Corteva will post 1.04 earnings per share for the current fiscal year.

About Corteva

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.

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