Dupont (NYSE: DD) has announced that its board of directors has approved the separation of its electronics business, Qnity Electronics, Inc. To effect the separation, Dupont declared a pro rata dividend of all of the issued and outstanding shares of common stock of Qnity, with the distribution date set for November 1, 2025.
Effective as of the distribution date, each Dupont stockholder will receive one (1) share of Qnity common stock for every two (2) shares of Dupont common stock held on the record date. In connection with the separation and the distribution, the Qnity board of directors declared a cash dividend of approximately $4.122 billion, in addition to a pre-funded interest deposit of approximately $66 million made by Dupont, plus any investment returns on the amounts held in escrow in respect of such debt obligations, payable to Dupont.
The New York Stock Exchange (NYSE) has authorized Qnity common stock for listing and has advised that "when-issued" trading is expected to begin on October 27, 2025, under the symbol "Q WI", with such trading ending at the close of business on October 31, 2025. Following the separation and distribution, Qnity common stock is expected to begin "regular way" trading on the NYSE on Monday, November 3, 2025, under the symbol "Q".
Beginning on October 27, 2025, and continuing through October 31, 2025, it is expected that there will be two markets in Dupont common stock on the NYSE: a "regular-way" market under the symbol "DD" in which Dupont shares will trade with the right to receive shares of Qnity common stock in the distribution, and an "ex-distribution market" under the symbol "DD WI" in which Dupont shares will trade without the right to receive shares of Qnity common stock in the distribution.
No action is required by Dupont stockholders to receive shares of Qnity common stock in the distribution. The distribution is subject to the satisfaction or waiver of certain customary conditions, which Dupont expects will be satisfied by the distribution date.
These developments mark a significant milestone in successfully separating Qnity and unlocking new opportunities for both organizations to thrive independently, while remaining committed to delivering exceptional value to shareholders, customers, and employees.
Investors can access information included on the investor relations section of the website at investors.dupont.com. More information about Qnity, its businesses, and solutions can be found at www.qnityelectronics.com. As a result of these announcements, the company's shares have moved 1.23% on the market, and are now trading at a price of $78.53. For more information, read the company's full 8-K submission here.
