Companies
Wednesday, 6/24, 09:54 PM
DuPont's Dividend Triples on Paper, but a Reverse Split Tells the Real Story
- DuPont raised its quarterly dividend to $0.60 a share from $0.20 — a 200% jump on paper.
- But the increase landed the same day as a 1-for-3 reverse stock split, which means shareholders' actual cash payout is essentially unchanged.
- The math is a useful lesson in reading corporate announcements.