DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) declared 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) annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, August 31st.
DuPont de Nemours has raised its dividend by an average of 1.1%annually over the last three years. DuPont de Nemours has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 1.8%
NYSE:DD opened at $137.48 on Thursday. The stock has a market cap of $55.69 billion, a PE 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 fifty-two week low of $84.75 and a fifty-two week high of $157.98. 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 stock’s 50-day moving average is $143.01 and its two-hundred day moving average is $137.62.
Institutional Trading of DuPont de Nemours
A number of institutional investors have recently added to or reduced their stakes in the business. Xponance Inc. lifted its holdings in DuPont de Nemours by 113.6% in the 3rd quarter. Xponance Inc. now owns 134,797 shares of the basic materials company’s stock worth $10,501,000 after purchasing an additional 71,695 shares during the last quarter. Citigroup Inc. grew its holdings in DuPont de Nemours by 20.2% during the third quarter. Citigroup Inc. now owns 572,650 shares of the basic materials company’s stock valued at $44,609,000 after purchasing an additional 96,062 shares during the last quarter. Lighthouse Investment Partners LLC raised its position in shares of DuPont de Nemours by 94.3% in the third quarter. Lighthouse Investment Partners LLC now owns 59,449 shares of the basic materials company’s stock valued at $4,631,000 after purchasing an additional 28,860 shares during the period. Drummond Knight Asset Management Pty Ltd raised its position in shares of DuPont de Nemours by 85.6% in the fourth quarter. Drummond Knight Asset Management Pty Ltd now owns 1,207,393 shares of the basic materials company’s stock valued at $48,537,000 after purchasing an additional 556,827 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of DuPont de Nemours by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,337,753 shares of the basic materials company’s stock worth $259,974,000 after buying an additional 121,216 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
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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