DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) announced 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 increased its dividend by an average of 1.1%annually over the last three years. DuPont de Nemours has a payout ratio of 16.1% meaning its dividend is sufficiently covered by earnings. Analysts expect DuPont de Nemours to earn $2.59 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 30.9%.
DuPont de Nemours Stock Performance
DD opened at $137.48 on Thursday. The business has a 50 day moving average price of $143.01 and a two-hundred day moving average price of $137.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 2.11. The company has a market capitalization of $55.69 billion, a price-to-earnings ratio of -2,290.92, a price-to-earnings-growth ratio of 1.33 and a beta of 1.03. DuPont de Nemours has a 1-year low of $84.75 and a 1-year high of $157.98.
Analyst Upgrades and Downgrades
Several brokerages have commented on DD. Zacks Research upgraded shares of DuPont de Nemours from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Morgan Stanley boosted their target price on shares of DuPont de Nemours from $132.00 to $156.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. The Goldman Sachs Group started coverage on shares of DuPont de Nemours in a research note on Monday, June 15th. They set a “neutral” rating and a $159.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $174.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Citigroup decreased their price target on shares of DuPont de Nemours from $177.00 to $168.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. One equities research 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 given a Sell rating to the company. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $165.20.
Check Out Our Latest Stock Report on DuPont de Nemours
About DuPont de Nemours
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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