DuPont de Nemours, Inc. Declares Quarterly Dividend of $0.41 (NYSE:DD)

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) announced a quarterly dividend on Wednesday, June 25th, RTT News reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.41 per share by the basic materials company on Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%.

DuPont de Nemours has a dividend payout ratio of 30.6% meaning 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 Trading Down 0.2%

DuPont de Nemours stock traded down $0.17 during trading hours on Wednesday, reaching $68.04. The stock had a trading volume of 1,493,618 shares, compared to its average volume of 2,424,747. The company has a fifty day simple moving average of $66.72 and a 200-day simple moving average of $72.62. DuPont de Nemours has a 52 week low of $53.77 and a 52 week high of $90.06. The stock has a market cap of $28.47 billion, a PE ratio of -358.11, a PEG ratio of 1.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. Analysts forecast that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DD shares. Barclays reduced their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Morgan Stanley reduced their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. UBS Group upped their price objective on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their target price for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.92.

Institutional Inflows and Outflows

An institutional investor recently raised its position in DuPont de Nemours stock. Brighton Jones LLC boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,012 shares of the basic materials company's stock after purchasing an additional 822 shares during the period. Brighton Jones LLC's holdings in DuPont de Nemours were worth $382,000 at the end of the most recent quarter. Institutional investors own 73.96% of the company's stock.

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.

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