DuPont declared a fourth quarter common stock dividend of 38 cents per share payable Dec. 14 to stockholders of record Nov. 15, 2016.
This is the 449th consecutive quarterly dividend since the company’s first dividend in the fourth quarter of 1904. It could be the last dividend for the company founded as a powder mill on the banks of Brandywine Creek.
The 449th dividend covers more than 112 years of the company that at one time was America’s largest industrial giant. At one point, DuPont and family members controlled both the namesake company and General Motors.
Family members also owned the News Journal and various other holdings here and elsewhere
Regular quarterly dividends of $1.12-1/2 per share on the $4.50 series preferred stock and $0.87-1/2 cents per share on the $3.50 series preferred stock also were declared, both payable Jan. 25, 2017, to stockholders of record Jan. 10, 2017.
DuPont is expected to report its results next week.
DuPont and Dow are still awaiting European regulatory approval for their merger. Any agreement is expected to include sales of some businesses to satisfy antitrust concerns.
A final decision could come in early 2017.
Post merger, the two companies plan to split off into three businesses. Two of those businesses are slated to be based in Delaware.
