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DuPont Announces 11 Percent Dividend Increase

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-24
WILMINGTON, Del., Oct. 23 /PRNewswire-FirstCall/ -- DuPont (NYSE: - )today announced that its Board of Directors has approved an 11 percentincrease in the company's quarterly cash dividend.

The dividend will increase from $0.37 to $0.41 per share for fourthquarter common stock, payable Dec. 14, to stockholders of record Nov. 15.This is the 413th consecutive quarterly dividend since the company's firstdividend in the fourth quarter of 1904.

"DuPont's financial strength has enabled the company to invest incompelling growth opportunities, while continuing to reward our shareholders,"DuPont Executive Vice President and Chief Financial Officer Jeffrey L. Keefersaid. "This dividend increase underscores our confidence in delivering bothearnings growth and cash generation for our shareholders."

Regular quarterly dividends of $1.12-1/2 per share on the $4.50 seriespreferred stock and 87-1/2 cents per share on the $3.50 series preferred stockalso were declared, both payable Jan. 25, 2008, to stockholders of record Jan.10, 2008.

DuPont is a science-based products and services company. Founded in 1802,DuPont puts science to work by creating sustainable solutions essential to abetter, safer, healthier life for people everywhere. Operating in more than70 countries, DuPont offers a wide range of innovative products and servicesfor markets including agriculture and food; building and construction;communications; and transportation.

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