Specialty chemical maker DuPont (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 data by YCharts.
