DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.20 per share by the basic materials company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, March 2nd.
DuPont de Nemours has raised 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 $4.83 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 16.6%.
DuPont de Nemours Stock Up 0.7%
NYSE:DD traded up $0.34 during midday trading on Friday, reaching $50.58. The company had a trading volume of 415,755 shares, compared to its average volume of 5,124,603. DuPont de Nemours has a 12-month low of $22.50 and a 12-month high of $52.66. The firm has a market capitalization of $20.68 billion, a price-to-earnings ratio of -27.20, a PEG ratio of 1.29 and a beta of 1.10. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $44.07 and its 200-day simple moving average is $37.77.
Insiders Place Their Bets
In related news, SVP Erik T. Hoover sold 6,005 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $39.79, for a total transaction of $238,938.95. Following the completion of the sale, the senior vice president owned 112,101 shares in the company, valued at $4,460,498.79. This represents a 5.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lori Koch sold 9,011 shares of DuPont de Nemours stock in a transaction on Friday, November 28th. The shares were sold at an average price of $39.46, for a total transaction of $355,574.06. Following the completion of the transaction, the chief executive officer owned 288,326 shares in the company, valued at approximately $11,377,343.96. This represents a 3.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.61% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On DuPont de Nemours
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC grew its stake in shares of DuPont de Nemours by 186.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 207 shares during the period. Palisade Asset Management LLC acquired a new position in DuPont de Nemours during the third quarter worth about $26,000. Financial Life Planners acquired a new position in DuPont de Nemours during the third quarter worth about $27,000. Imprint Wealth LLC purchased a new position in DuPont de Nemours in the third quarter valued at about $27,000. Finally, Miller Global Investments LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
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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