DuPont de Nemours recently announced that its board has approved a dividend increase and a new share repurchase program.
Dividend Increase
The conglomerate’s quarterly dividend has been raised by 5.6% to 38 cents per share, up from 36 cents. This new quarterly payout equates to an annual yield of approximately 2.48%, based on Monday’s closing price of $61.21. The increased dividend will be payable on March 15 to shareholders of record as of February 29.
Share Repurchase Program
DuPont has also approved a new $1 billion share repurchase program. The company plans to conduct this buyback through accelerated share repurchase agreements, with a $500 million transaction set to launch soon. The remaining $500 million is expected to be completed by the end of the year.
DuPont recently completed a $2 billion accelerated buyback program that was initiated in September. This marked the conclusion of a $5 billion share repurchase program that was unveiled in late 2022. Under the $2 billion deal, the company successfully retired 27.9 million shares.
For more information, please contact DuPont de Nemours directly.