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4/25/2012 7:54 AM ET

Chemicals giant EI DuPont de Nemours & Co. (DD: Quote), commonly called DuPont announced that its board has approved a 5 percent increase in the company's quarterly cash dividend. The company said that the second quarter dividend will increase to $0.43 per share from $0.41 per share for common stock, payable June 12, 2012, to stockholders of record May 15, 2012.

Recently, the company reported that its first-quarter net income attributable to the company grew to $1.49 billion or $1.57 per share from last year's $1.43 billion or $1.52 per share.

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