Current Dividend Yield: 3.6%
Performance So Far in 2013: +6%
At least on the share-price front, things have been looking a little rosier for E.I. du Pont de Nemours & Co. (NYSE:DD) — or just DuPont — since the last time we looked at it. DuPont has gained nearly 8% since mid-December, and is solidly in the black for 2013.
Still, the chemicals giant isn’t without a few issues right now.
Dow’s fourth-quarter profits, while still better than hoped for, plunged 70% on revenues that were flat from the year ago. Really weighing on results was a 54% decline in Performance Chemicals profits thanks to lower prices in the paint pigment titanium dioxide. CEO Ellen Kullman also told CNBC that “2013 is setting up to be a cautious year.”
But don’t get too bearish on DuPont. Alongside that cautionary remark, we received a better-than-expected 2013 EPS forecast of $3.85 to $4.05, which should come on revenues of $36 billion — on target with Wall Street expectations. Shares also should get a boost from a $1 billion repurchase plan starting this year. Not to mention, it’s hard not to love DD’s diverse line of offerings — products ranging from Tyvek house wrap and Lycra synthetic fabrics to Teflon protective coatings and Pioneer seeds and other agricultural options. (Though, as we said before, DuPont could really use some sort of cyclical boom.)
And then there’s DuPont’s attractive dividend, which currently yields 3.6%, and which could be returning to regular growth — last year, DD hiked its dividend for the first time since the financial crisis. If you want to get into DuPont’s next dividend, you’ll have to act fast — DD goes ex-dividend Feb. 13 for its March 14 payout.