Oct 15 (Reuters) - Industrial materials maker DuPont's ( DD )

board has approved the previously announced separation of

its electronic business, Qnity Electronics, the company said on

Wednesday.

Investors holding DuPont ( DD ) stock as of October 22 will receive

one Qnity share for every two DuPont ( DD ) shares on November 1.

"In connection with the spinoff, Qnity's board declared a

cash dividend of about $4.122 billion plus the pre-funded

interest deposit of around $66 million made by DuPont ( DD ) in

connection with the debt obligations," the company said.

DuPont's ( DD ) electronic segment includes semiconductor

technologies and interconnect solutions.

In September, the company said it expects 2025 net sales of

about $6.87 billion, recasting its prior outlook to reflect the

planned spin-off of its electronics unit and the divestiture of

its Aramids business.