DuPont Declares Second Quarter Dividend, Announces Share Repurchase Program

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Apr 27, 2011, 09:00 ET

WILMINGTON, Del., April 27, 2011 /PRNewswire/ -- DuPont (NYSE: DD) declared a second quarter common stock dividend of 41 cents per share payable June 10 to stockholders of record May 13. This dividend is the same as what was paid in the first quarter 2011. This is the 427th consecutive quarterly dividend since the company's first dividend in the fourth quarter of 1904.

Regular quarterly dividends of $1.12-1/2 per share on the $4.50 series preferred stock and 87-1/2 cents per share on the $3.50 series preferred stock also were declared, both payable July 25, 2011, to stockholders of record July 8, 2011.

The board of directors also authorized a share repurchase program for up to $2 billion of the company's common stock to offset dilution that results from shares issued under certain compensation plans. This program will not commence until purchases of the company's common stock of approximately $500 million remaining under the program authorized in June 2001 are completed.

DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

SOURCE DuPont