DowDuPont Inc (NYSE:DWDP) announced a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Stockholders of record on Wednesday, February 28th will be paid a dividend of 0.38 per share on Thursday, March 15th. This represents a $1.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, February 27th.
DowDuPont has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect DowDuPont to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 30.7%.
Shares of DowDuPont (NYSE DWDP) opened at $73.26 on Monday. DowDuPont has a fifty-two week low of $59.29 and a fifty-two week high of $77.08. The company has a market capitalization of $170,624.22, a price-to-earnings ratio of 46.66, a PEG ratio of 1.86 and a beta of 1.21. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.
In related news, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew N. Liveris sold 29,723 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $71.50, for a total value of $2,125,194.50. The disclosure for this sale can be found here. Insiders have sold 305,371 shares of company stock worth $21,918,009 over the last three months. 0.89% of the stock is owned by insiders.
DWDP has been the subject of several analyst reports. Credit Suisse Group upped their target price on DowDuPont from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, January 30th. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays reduced their target price on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Stephens initiated coverage on DowDuPont in a report on Monday, December 4th. They set an “overweight” rating and a $83.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.71.
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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