DowDuPont Inc (NYSE:DWDP) announced a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Investors of record on Wednesday, February 28th will be given a dividend of 0.38 per share on Thursday, March 15th. This represents a $1.52 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, February 27th.
DowDuPont has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. 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 $71.95 on Friday. The company has a market cap of $167,340.30, a price-to-earnings ratio of 45.83, a P/E/G ratio of 1.83 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. DowDuPont has a 52-week low of $64.01 and a 52-week high of $77.08.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. The company had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The company’s quarterly revenue was up 54.1% on a year-over-year basis. equities analysts expect that DowDuPont will post 4.14 EPS for the current year.
Several analysts recently commented on DWDP shares. UBS Group raised their price target on shares of DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Morgan Stanley raised their price target on shares of DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Royal Bank of Canada restated a “buy” rating and set a $86.00 price target on shares of DowDuPont in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of DowDuPont from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $80.71.
In related news, insider Andrew N. Liveris sold 9,664 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were 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 is available through this hyperlink. Also, insider Andrew N. Liveris sold 49,449 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $71.63, for a total transaction of $3,542,031.87. The disclosure for this sale can be found here. Insiders have sold 395,348 shares of company stock worth $28,358,199 over the last 90 days. 0.89% of the stock is currently owned by company insiders.
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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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