WILMINGTON, Del., April 23, 2013 /PRNewswire/ -- DuPont today announced that its board of directors approved a 5 percent increase in the company's quarterly cash dividend.
The second quarter dividend will increase from 43 to 45 cents per share for common stock, payable June 12, 2013, to stockholders of record May 15, 2013. This is the 435th consecutive quarterly dividend since the company's first dividend in the fourth quarter of 1904.
"Increasing the dividend reflects DuPont's confidence in our global growth strategy, strong balance sheet and solid track record of market-driven science," said DuPont Executive Vice President and Chief Financial Officer Nicholas C. Fanandakis. "We will continue to deliver shareholder value through ongoing innovation, productivity and new business opportunities."
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 July 25, 2013, to stockholders of record July 10, 2013.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.