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Corteva Inc (Symbol: CTVA) has ranked in the top 25% of dividend stocks according to Dividend Channel’s DividendRank formula. On Wednesday, the shares dropped to $62.27, entering oversold territory with a Relative Strength Index (RSI) of 25.7, significantly lower than the average RSI of 49.8 for covered dividend stocks.
The current annualized dividend stands at $0.72 per share, resulting in an annual yield of 1.06% based on the recent price of $67.63. Investors may see the low RSI as a potential buy signal, indicating that selling pressure may be waning.
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