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

DuPont de Nemours, Inc. (NYSE:DD) declared a quarterly dividend on Friday, February 21st, RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.41 per share by the basic materials company on Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38.

DuPont de Nemours has a dividend payout ratio of 30.6% meaning 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 $1.52 annual dividend with an expected future payout ratio of 31.5%.

DuPont de Nemours Stock Performance

NYSE DD opened at $81.67 on Friday. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours has a twelve month low of $68.21 and a twelve month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $77.68 and a 200 day moving average of $81.22.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Sell-side analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Analysts Set New Price Targets

DD has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. Finally, StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Company Profile

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.