DowDuPont Inc Plans Quarterly Dividend of $0.38 (DWDP)

DowDuPont Inc (NYSE:DWDP) declared a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Shareholders 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 2.14%. The ex-dividend date of this dividend is Tuesday, February 27th.

DowDuPont has a dividend payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Equities 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%.

DowDuPont (NYSE:DWDP) opened at $70.96 on Thursday. DowDuPont has a one year low of $59.29 and a one year high of $77.08. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $166,804.63, a PE ratio of 45.20, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21.

DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The firm had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. The company’s revenue was up 54.1% compared to the same quarter last year. equities research analysts expect that DowDuPont will post 4.14 EPS for the current fiscal year.

In related news, insider Andrew N. Liveris sold 9,664 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew N. Liveris sold 29,723 shares of the stock in a transaction dated Friday, December 8th. The stock was 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. In the last ninety days, insiders have sold 305,371 shares of company stock worth $21,918,009. 0.89% of the stock is currently owned by insiders.

Several research firms have weighed in on DWDP. Zacks Investment Research lowered DowDuPont from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group reissued a “buy” rating and issued a $85.00 target price on shares of DowDuPont in a research note on Friday, February 2nd. Nomura increased their target price on DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays cut their target price on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Finally, Stephens began coverage on DowDuPont in a research note on Monday, December 4th. They issued an “overweight” rating and a $83.00 target price on the stock. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. DowDuPont presently has an average rating of “Buy” and an average target price of $80.71.

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DowDuPont Company Profile

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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