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Dupont To Raises Quarterly Dividend 4.9%

DOW JONES NEWSWIRES DuPont Co. (DD) said it will raise its quarterly dividend by 4.9% as the chemicals company looks to increase shareholder return. The two-cent increase brings the company's quarterly payout to 43 cents a share and will cost DuPont about $75 million more a year. "This increase in the dividend reinforces our commitment to return value to our shareholders as we continue to invest in innovation through our research capabilities, customer partnerships and targeted acquisitions," said Chief Financial Officer Nicholas C. Fanandakis. DuPont, a diversified U.S. manufacturer, has received a boost from higher pricing in recent quarters, offsetting raw material expenses. The company was one of the first companies last year to highlight the issue of destocking--customers working down their inventories instead of buying new products. The company saw a dip in its profits at the end of the year, and warned that customers in its consumer electronics sector would continue destocking. Last week, Dupont reported its first-quarter profit rose 4% as the company benefited from higher pricing and a jump in sales of agricultural products, as well as strong growth in developing markets. Shares rose by 40 cents to $53.08 in light premarket trading. The stock is up 15% since the start of the year. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Stock News for Du Pont E I De Nem (DD)
DateTimeHeadline
06/29/201516:20:00DuPont Rings Closing Bell at New York Stock Exchange Marking...
06/24/201507:28:00Columbia Pipeline to Join the S&P 500; Other Changes to S&P MidCap...
06/22/201516:06:28Annual Report of Employee Stock Plans (11-k)
06/22/201516:03:25Annual Report of Employee Stock Plans (11-k)
06/22/201515:58:37Annual Report of Employee Stock Plans (11-k)
06/19/201508:00:00DuPont Announces "When-Issued" Trading of The Chemours Company...
06/17/201517:40:00DuPont Announces Effectiveness of The Chemours Company Form 10...
06/16/201515:25:53Statement of Changes in Beneficial Ownership (4)
06/16/201515:24:47Statement of Changes in Beneficial Ownership (4)
06/16/201515:23:54Statement of Changes in Beneficial Ownership (4)
06/16/201515:23:01Statement of Changes in Beneficial Ownership (4)
06/16/201515:21:39Statement of Changes in Beneficial Ownership (4)
06/16/201515:21:11Statement of Changes in Beneficial Ownership (4)
06/16/201515:20:14Statement of Changes in Beneficial Ownership (4)
06/16/201515:19:17Statement of Changes in Beneficial Ownership (4)
06/16/201515:18:49Statement of Changes in Beneficial Ownership (4)
06/16/201515:17:22Statement of Changes in Beneficial Ownership (4)
06/16/201515:16:44Statement of Changes in Beneficial Ownership (4)
06/16/201515:15:51Statement of Changes in Beneficial Ownership (4)
06/16/201515:13:16Statement of Changes in Beneficial Ownership (4)

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