Corteva, Inc. (CTVA) To Go Ex-Dividend on June 1st

Corteva, Inc. (NYSE:CTVA) announced a quarterly dividend on Monday, April 27th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.18 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st.

Corteva has increased its dividend payment by an average of 0.1%annually over the last three years and has increased 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. Research analysts expect Corteva to earn $4.03 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 17.9%.

Corteva Stock Down 2.7%

Shares of Corteva stock opened at $78.41 on Friday. The stock’s fifty day moving average is $81.33 and its 200-day moving average is $74.53. The firm has a market capitalization of $52.44 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 2.47 and a beta of 0.59. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Corteva has a 12-month low of $60.53 and a 12-month high of $85.63.

Corteva (NYSE:CTVA) last announced its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.64 billion. Corteva had a return on equity of 9.95% and a net margin of 6.50%.Corteva’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities analysts anticipate that Corteva will post 3.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. Wells Fargo & Company increased their price objective on Corteva from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings raised Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. BNP Paribas Exane increased their price objective on Corteva from $74.00 to $77.00 in a research note on Wednesday, May 6th. Finally, Oppenheimer increased their price objective on Corteva from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.67.

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.