Ready for DuPont to spinoff Chemours?

For those who don't know. Spinoff stocks sometimes provide a valuable opportunity for companies that are being spun off.  This is why Investingport always report about stock spinoff for our readers to decide if they would take a look at it or not.  

DuPont "DuPont de Nemours, Inc., commonly known as DuPont, is an American company formed by the merger of Dow Chemical and DuPont on August 31, 2017, and then subsequent spinoffs of Dow Inc. and Corteva. Prior to the spinoffs it was the world's largest chemical company in terms of sales" - Wiki. 

DuPont's stock symbol is DD and it trading at $ 66.85.

Dupont's business line 

  • Electronics and Imaging 
  • Transportation and Industrial 
  • Nutrition and Biosciences 
  • Safety and construction.

DuPont dividend news - "DuPont's board of directors declared a fourth-quarter dividend of $0.30 per share on the outstanding common stock of the company (par value $0.01 per share) payable on December 13, 2019, to holders of record of said stock at the close of business on November 29, 2019".

Key points ( the information below is from DuPont site)

  • 3Q19 GAAP EPS from continuing operations of $0.49; Adjusted EPS of $0.96, up 2 percent versus prior year
    • 3Q19 GAAP Income from continuing operations of $372 million; Operating EBITDA of $1.4 billion
    • Operating EBITDA margins improve 20 basis points versus the prior year with pricing gains, disciplined cost control and benefits from portfolio actions more than offsetting softer volumes and currency pressure
    • Reiterates full-year guidance for organic revenue of slightly down versus prior year and narrows the guidance range for pro forma adjusted EPS to $3.77 to $3.82
    • More than $800 million returned to shareholders since June 1 including $600 million of share repurchases

    According to City analyst, DuPont is expected to spinoff Chemours.  

    “We expect DuPont to look very different than it does today in 2 to 3 years,” writes Juvekar in a Tuesday research note, adding that the company is “actively weighing various options.”
    “In the past, the company has talked about value-creation through various methods, including tax-free spins, [reverse Morris trusts] and sales of some of its segments,” 
    writes Citi's analyst Juvekar in a Tuesday research report. 

    Chemours(CC) is specialized in businesses ranging from automotive, paints, plastics, electronics, construction, energy and telecommunications.  DuPont spinoff date is not out yet, Investingport will update our readers whenever any new information becomes available. 

    About DuPont DD, Stock price, stock chart, and more.  Before deciding if DuPont will be a good investment, it's important to first do the stock market analysis for the stock.  Because a stock is undergoing a spinoff process does not give it an automatic ticket to success. It must be vetted like every other investment, we have to compare the real-time stock price, the demand and supply of the stock and the fundamental analysis that comes with the need to see value in the stock before investing in it. 

    DD - 66.85 USD −0.79 
    Closed: Nov 18, 4:48 PM EST · Disclaimer
    After hours 66.85 0.00 (0.00%)

    Mkt cap49.52B
    P/E ratio63.78
    Div yield1.80%
    Prev close67.64
    52-wk high196.49
    52-wk low62.87

    About Chemours CC  

    The Chemours Company (CC)  17.15 +0.17 (1.03%)

    16.98 USD −1.45 
    Closed: Nov 18, 4:11 PM EST · Disclaimer
    After hours 17.15 +0.17 (1.03%)

    Mkt cap2.78B
    P/E ratio7.11
    Div yield5.89%
    Prev close18.43
    52-wk high41.60
    52-wk low11.71

    Disclaimer: The author does not own any position in DuPont or Chemours. 

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