Huntsman Co. (HUN) to Issue Quarterly Dividend of $0.25 on December 31st

Huntsman Co. (NYSE:HUN) declared a quarterly dividend on Tuesday, November 5th, RTT News reports. Investors of record on Friday, December 13th will be paid a dividend of 0.25 per share by the basic materials company on Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Friday, December 13th.

Huntsman has increased its dividend by an average of 13.5% annually over the last three years. Huntsman has a payout ratio of 89.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Huntsman to earn $1.07 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 93.5%.

Huntsman Stock Performance

NYSE:HUN opened at $20.88 on Thursday. The firm’s 50-day moving average is $22.72 and its 200-day moving average is $23.04. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -30.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. Huntsman has a 52-week low of $19.90 and a 52-week high of $27.01.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Huntsman will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HUN. JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. UBS Group reduced their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Huntsman presently has an average rating of “Hold” and a consensus target price of $25.75.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.