Corteva, Inc. (NYSE:CTVA) Shareholders Set to Receive $0.05 Quarterly Dividend

Corteva, Inc. (NYSE:CTVA) declared a quarterly dividend on Friday, October 23rd. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.05 per share on Tuesday, December 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a 72.2% decrease from Corteva’s previous quarterly dividend of $0.18.

Corteva has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 5 years. Corteva has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Corteva to earn $1.10 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 65.5%.

Corteva Trading Down 3.4%

Shares of NYSE CTVA traded down $0.43 during trading on Friday, reaching $12.43. The stock had a trading volume of 14,703,468 shares, compared to its average volume of 7,216,655. Corteva has a fifty-two week low of $11.74 and a fifty-two week high of $90.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52. The business’s 50-day moving average price is $60.00 and its 200-day moving average price is $73.83. The company has a market cap of $8.29 billion, a P/E ratio of 8.23, a PEG ratio of 1.78 and a beta of 0.57.

Corteva (NYSE:CTVA) last posted its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the company earned $2.20 EPS. Corteva’s revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, equities research analysts predict that Corteva will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Corteva

Several large investors have recently bought and sold shares of the stock. EFG International AG acquired a new stake in Corteva in the 2nd quarter valued at about $25,000. Compass Financial Management LLC acquired a new position in shares of Corteva during the second quarter worth about $25,000. Elevation Wealth Partners LLC grew its position in shares of Corteva by 334.6% during the second quarter. Elevation Wealth Partners LLC now owns 339 shares of the company’s stock worth $29,000 after buying an additional 261 shares in the last quarter. Clearstead Trust LLC acquired a new position in shares of Corteva during the second quarter worth about $31,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Corteva during the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Company Profile

Corteva, Inc (NYSE: CTVA) is an agriculture company that develops and supplies products and services designed to help farmers improve crop productivity, protect yields and manage agricultural challenges. Its business is organized primarily around seed and crop protection products.

The company’s seed portfolio includes branded corn, soybean, cotton, sunflower, canola and other crop varieties, supported by plant genetics and biotechnology. Its crop protection business offers herbicides, insecticides, fungicides and seed-applied treatments, along with biological and digital agriculture solutions intended to support crop health and farm-management decisions.

Corteva was formed through the separation of the agriculture division of DowDuPont and became an independent public company in 2019.