Huntsman Co. to Issue Quarterly Dividend of $0.25 (NYSE:HUN)

Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Thursday, May 9th, RTT News reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.25 per share by the basic materials company on Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 4.02%.

Huntsman has raised its dividend by an average of 13.5% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Huntsman has a dividend payout ratio of 63.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Huntsman to earn $1.62 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 61.7%.

Huntsman Price Performance

Shares of HUN stock opened at $24.87 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 1.23. Huntsman has a 1-year low of $22.14 and a 1-year high of $29.90. The firm has a fifty day moving average of $25.08 and a two-hundred day moving average of $24.71. The firm has a market cap of $4.30 billion, a P/E ratio of -47.82 and a beta of 1.14.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.66%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company earned $0.20 earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year. As a group, research analysts anticipate that Huntsman will post 0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HUN shares. Wells Fargo & Company upgraded Huntsman from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $32.00 in a research report on Friday, February 23rd. The Goldman Sachs Group lifted their price objective on shares of Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Tuesday, March 5th. Royal Bank of Canada raised their price target on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Stifel Nicolaus decreased their price objective on Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.73.

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.