DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) declared a quarterly dividend on Wednesday, June 24th. Shareholders 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) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, August 31st.
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. Analysts expect DuPont de Nemours to earn $7.76 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 10.3%.
DuPont de Nemours Stock Down 0.2%
NYSE:DD opened at $137.59 on Friday. The firm has a market capitalization of $18.58 billion, a price-to-earnings ratio of -764.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.03. DuPont de Nemours has a twelve month low of $85.02 and a twelve month high of $157.98. The stock’s 50 day moving average price is $142.96 and its two-hundred day moving average price is $137.74. The company has a quick ratio of 2.11, a current ratio of 2.68 and a debt-to-equity ratio of 0.22.
Analysts Set New Price Targets
A number of brokerages have commented on DD. Citigroup cut their price target on shares of DuPont de Nemours from $177.00 to $168.00 and set a “buy” rating for the company in a research note on Monday, April 13th. UBS Group upped their target price on shares of DuPont de Nemours from $168.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada raised their target price on shares of DuPont de Nemours from $168.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. The Goldman Sachs Group lifted their price target on DuPont de Nemours from $53.00 to $159.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $174.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $165.20.
Check Out Our Latest Analysis on DD
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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