Corteva, Inc. (NYSE:CTVA – Get Free Report) declared a quarterly dividend on Friday, July 24th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.18 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 1st.
Corteva has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. Corteva has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Corteva to earn $4.09 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 17.6%.
Corteva Stock Performance
Shares of CTVA stock opened at $89.23 on Friday. Corteva has a fifty-two week low of $60.53 and a fifty-two week high of $89.39. The stock’s 50-day moving average is $81.39 and its two-hundred day moving average is $78.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. The firm has a market cap of $59.68 billion, a P/E ratio of 52.49, a PEG ratio of 2.70 and a beta of 0.56.
Corteva Company Profile
Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.
Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.
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