DuPont: dividend increase and new share buybacks

(CercleFinance.com) - On its quarterly publication, DuPont de Nemours announces a 6% increase in its quarterly dividend, to $0.
38 per share, as well as a new authorization for $1bn in share buybacks.

For Q4 2023, the chemicals group reports adjusted EPS that is down 2% to $0.87, despite a 0.3-point improvement in its EBITDA margin to 24.7% on revenues of $2.9bn, down 7% (-10% in organic terms).

With FY 2023 adjusted EPS of $3.48 and revenues of nearly $12.1bn, DuPont expects to achieve target ranges of $3.25 to $3.65 and $11.9bn to $12.3bn respectively for the coming year.


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