DowDuPont Inc (DWDP) to Issue Quarterly Dividend of $0.38 on December 15th

DowDuPont Inc (NASDAQ:DWDP) declared a quarterly dividend on Wednesday, November 1st, NASDAQ reports. Stockholders of record on Wednesday, November 15th will be given a dividend of 0.38 per share on Friday, December 15th. This represents a $1.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, November 14th.

Shares of DowDuPont (DWDP) traded down $0.05 during trading hours on Monday, hitting $69.92. The stock had a trading volume of 1,855,220 shares, compared to its average volume of 6,950,000. DowDuPont has a 52-week low of $64.01 and a 52-week high of $73.85.

DowDuPont (NASDAQ:DWDP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. During the same period last year, the business earned $0.91 EPS. DowDuPont’s revenue was up 7.6% on a year-over-year basis.

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In other DowDuPont news, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total transaction of $5,601,545.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several brokerages recently commented on DWDP. Susquehanna Bancshares Inc began coverage on shares of DowDuPont in a report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price target on the stock. UBS AG started coverage on shares of DowDuPont in a report on Friday, September 1st. They set a “buy” rating on the stock. Citigroup Inc. boosted their price objective on shares of DowDuPont from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of DowDuPont from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. Finally, Morgan Stanley boosted their price objective 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. DowDuPont has a consensus rating of “Buy” and a consensus price target of $79.72.

About DowDuPont

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, and a pipeline of germplasm, traits and crop protection.

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