DuPont Raises Dividend 4.7% in 435th Consecutive Quarterly Payout

Specialty chemical maker DuPont  (NYSE: DD  )  announced today that its board of directors has approved a 4.7% increase in its quarterly cash dividend from $0.43 per share to $0.45 per share.

The payout represents the 435th consecutive quarterly dividend since DuPont first began paying a dividend in the fourth quarter of 1904. The new, higher payment will be made on June 12 to stockholders of record as of May 15.

Quarterly dividends of $1.125 per share on the $4.50 series preferred stock and $0.875 cents per share on the $3.50 series preferred stock also were declared, both payable July 25 to stockholders of record July 10.

"Increasing the dividend reflects DuPont's confidence in our global growth strategy, strong balance sheet and solid track record of market-driven science," DuPont Chief Financial Officer Nicholas C. Fanandakis was quoted as saying. "We will continue to deliver shareholder value through ongoing innovation, productivity and new business opportunities."

DuPont is a world-class science and engineering firm in business since 1884. It generated more than $35 billion in revenue last year. The chart below does not include the latest dividend increase.

DD Dividend Chart

DD Dividend data by YCharts.


Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 23, 2013, at 8:06 PM, funfundvierzig wrote:

    Over the past 15 years, DuPont's mediocre dividend has not even kept up with the rather tame U. S. CPI.

    Investors who are looking for dividend growth might be better off going with one of DuPont's superior-managed competitors, such as 3M Corp or Monsanto, both of which have show a dividend increase in each year of the past ten years.


Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2380316, ~/Articles/ArticleHandler.aspx, 9/26/2016 6:49:20 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:04 PM
DD $66.77 Down -0.08 -0.12%
DuPont CAPS Rating: ****