Corteva sets quarterly dividend at $0.17 per share

INDIANAPOLIS - Corteva, Inc. (NYSE:CTVA), a global agriculture company, announced Wednesday that its Board of Directors has approved a dividend payment for its common stock. Shareholders will receive $0.17 per share on June 16, 2025, with the record date set for June 2, 2025. The company, currently valued at $42.39 billion, has maintained a strong dividend track record, having raised its dividend for six consecutive years, with a current yield of 1.1%. According to InvestingPro, this reflects the company’s commitment to shareholder returns, with additional dividend insights available in their comprehensive analysis.

In a related move, EIDP, Inc., a wholly owned subsidiary of Corteva, declared dividends on its preferred stock. Holders of the $4.50 series preferred stock will receive $1.12-1/2 per share, and holders of the $3.50 series preferred stock will get $0.87-1/2 per share. These dividends are scheduled for payment on July 25, 2025, to stockholders on record as of July 3, 2025.

Corteva, recognized for its leading position in the agriculture sector, focuses on innovation and customer engagement to address the most urgent agricultural challenges. The company’s portfolio includes a mix of seeds, crop protection, and digital services. It operates with a strategy aimed at generating market preference and driving growth through its technology pipeline.

The announcement of these dividends reflects Corteva’s commitment to providing value to its shareholders and its confidence in the company’s financial stability. This decision is based on the company’s performance and strategic financial management.

The information regarding the dividend payments is based on a press release statement from Corteva.

In other recent news, Corteva Inc. has been the focus of several analyst evaluations and company announcements. Argus analyst Bill Selesky upgraded Corteva’s stock rating from Hold to Buy, setting a price target of $69, citing the company’s strong industry track record and strategic management aimed at boosting profit margins. UBS analyst Joshua Spector maintained a Buy rating with a $73 price target, highlighting Corteva’s goal of achieving $1 billion in EBITDA growth by 2027. Goldman Sachs initiated coverage with a Buy rating and a $71 target, emphasizing Corteva’s consistent top-line growth and potential for margin expansion due to cost deflation and productivity savings. Meanwhile, BofA Securities also raised its price target for Corteva to $73, maintaining a Buy rating and noting the company’s potential for double-digit EBITDA growth despite challenges in the agricultural sector. In company news, Corteva announced the resignation of Dr. Rebecca Liebert from its Board of Directors, effective February 28, 2025, with no disagreements cited regarding the company’s operations. The board will reduce its number of directors from thirteen to twelve following her departure. These developments indicate a period of strategic focus and potential growth for Corteva as it navigates industry challenges and board changes.

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