Corteva, Inc. (NYSE:CTVA – Get Free Report) declared a quarterly dividend on Wednesday, January 28th. Investors of record on Monday, March 2nd will be given a dividend of 0.18 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 2nd.
Corteva has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. Corteva has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Corteva to earn $3.41 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 21.1%.
Corteva Stock Performance
NYSE CTVA opened at $80.01 on Friday. The firm has a market capitalization of $53.81 billion, a P/E ratio of 50.64, a PEG ratio of 2.69 and a beta of 0.75. The stock has a 50-day simple moving average of $71.91 and a two-hundred day simple moving average of $68.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.96 and a current ratio of 1.43. Corteva has a fifty-two week low of $53.40 and a fifty-two week high of $80.23.
Corteva Company Profile
Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.
Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.
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