DuPont Raises Dividend Payout by 4.9% (DD)

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Chemicals and agricultural products maker E. I. du Pont de Nemours and Company ( DD ), commonly known as DuPont, on Wednesday announced a nearly 5% increase to its quarterly dividend payout.

The Wilmington, DE-based company said its board of directors approved a new dividend payout of 43 cents per share, up from a prior 41 cents. That new dividend will be payable on June 12 to shareholders of record as of May 15.

Last week, DD reported better-than-expected first quarter earnings and reiterated its full-year outlook.

DuPont shares posted modest gains in premarket trading Wednesday.

The Bottom Line
Shares of DuPont ( DD ) will now have a 3.26% dividend yield, based on last night's closing stock price of $52.68. The stock has technical support in the $48-$50 price area. If the shares can firm up, we see overhead resistance around the $56-$57 price levels.

E. I. du Pont de Nemours and Company ( DD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: DD


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