Huntsman Co. (NYSE:HUN) Plans $0.25 Quarterly Dividend

Huntsman Co. (NYSE:HUN) announced 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 4.82%.

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 fall. 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 traded down $1.00 during mid-day trading on Tuesday, reaching $20.74. The stock had a trading volume of 4,223,968 shares, compared to its average volume of 1,889,678. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -41.06 and a beta of 1.02. Huntsman has a twelve month low of $19.90 and a twelve month high of $27.01. The business has a 50 day simple moving average of $22.76 and a 200 day simple moving average of $23.08.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect that Huntsman will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HUN shares. UBS Group cut their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company cut their price objective on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. cut their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.88.

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.