DuPont has announced that its board of directors approved a third quarter dividend of 47 cents per share, a 4 percent increase over the 45 cents paid last quarter. This is the third increase in the past 27 months.
The third quarter dividend of 47 cents per share of common stock is payable Sept. 12, 2014, to stockholders of record Aug. 15, 2014. This is the 440th consecutive quarterly dividend since the company’s first dividend in the fourth quarter of 1904, company officials say.
"This increase in the dividend reinforces our commitment to continuing to execute on our strategic priorities to deliver additional value to our shareholders," says DuPont Executive Vice President and Chief Financial Officer Nicholas C. Fanandakis.
Regular quarterly dividends of $1.12-1/2 per share on the $4.50 series preferred stock and 87-1/2 cents per share on the $3.50 series preferred stock also were declared, both payable Oct. 24, 2014, to stockholders of record Oct. 10, 2014.