DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) declared a quarterly dividend on Thursday, February 19th. Shareholders 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 of this dividend is Monday, March 2nd.
DuPont de Nemours has increased its dividend by an average of 1.1%per year over the last three years. DuPont de Nemours has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance
Shares of DD stock traded up $0.34 during midday trading on Friday, reaching $50.58. 415,755 shares of the company traded hands, compared to its average volume of 5,124,603. The firm’s 50 day simple moving average is $44.07 and its two-hundred day simple moving average is $37.77. The firm has a market cap of $20.68 billion, a PE ratio of -27.20, 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 current ratio of 2.42 and a quick ratio of 1.91. DuPont de Nemours has a 1-year low of $22.50 and a 1-year high of $52.66.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on DD shares. Wells Fargo & Company increased their price target on DuPont de Nemours from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Argus reduced their target price on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Wolfe Research raised their price target on DuPont de Nemours from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Mizuho upped their price objective on shares of DuPont de Nemours from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada increased their price objective on shares of DuPont de Nemours from $51.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday. One 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 company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $51.86.
Read Our Latest 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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