DuPont de Nemours, Inc. (NYSE:DD) Plans Quarterly Dividend of $0.38

DuPont de Nemours, Inc. (NYSE:DD) declared a quarterly dividend on Wednesday, October 16th,RTT News reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.38 per share by the basic materials company on Monday, December 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th.

DuPont de Nemours has raised its dividend by an average of 6.3% annually over the last three years. DuPont de Nemours has a dividend payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect DuPont de Nemours to earn $4.46 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 34.1%.

DuPont de Nemours Price Performance

DD opened at $83.88 on Thursday. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $84.71 and its 200-day simple moving average is $81.84. The company has a market capitalization of $35.06 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 2.02 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DD has been the subject of a number of analyst reports. Barclays upped their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

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.