Corteva, Inc. (NYSE:CTVA) Stock to Pay Quarterly Dividend of $0.05

Corteva, Inc. (NYSE:CTVA) declared a quarterly dividend on Friday, October 23rd. Investors of record on Tuesday, December 1st will be paid a dividend of $0.05 per share on Tuesday, December 15th. This represents a $0.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, December 1st. This is a 72.2% decrease from Corteva’s previous quarterly dividend of $0.18.

Corteva has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Corteva has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Corteva to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 65.5%.

Corteva Trading Down 3.4%

NYSE CTVA traded down $0.43 during trading hours on Friday, hitting $12.43. The company’s stock had a trading volume of 14,703,480 shares, compared to its average volume of 34,481,428. Corteva has a twelve month low of $11.74 and a twelve month high of $90.97. The firm has a market capitalization of $8.29 billion, a P/E ratio of 8.23, a PEG ratio of 1.80 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $58.71 and a 200 day moving average of $73.40.

Corteva (NYSE:CTVA) last released its earnings results on Thursday, July 30th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 EPS. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Equities research analysts forecast that Corteva will post 1.04 earnings per share for the current fiscal year.

About Corteva

Corteva, Inc (NYSE: CTVA) is an agriculture company that develops and supplies products and services designed to help farmers improve crop productivity, protect yields and manage agricultural challenges. Its business is organized primarily around seed and crop protection products.

The company’s seed portfolio includes branded corn, soybean, cotton, sunflower, canola and other crop varieties, supported by plant genetics and biotechnology. Its crop protection business offers herbicides, insecticides, fungicides and seed-applied treatments, along with biological and digital agriculture solutions intended to support crop health and farm-management decisions.

Corteva was formed through the separation of the agriculture division of DowDuPont and became an independent public company in 2019.