H.B. Fuller (NYSE:FUL) to Issue Dividend Increase – $0.22 Per Share

H.B. Fuller (NYSE:FUL) declared a quarterly dividend on Wednesday, July 17th, Wall Street Journal reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.2225 per share by the specialty chemicals company on Wednesday, August 14th. This represents a $0.89 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, July 31st. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.22.

H.B. Fuller has raised its dividend payment by an average of 7.5% per year over the last three years and has increased its dividend every year for the last 56 years. H.B. Fuller has a dividend payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect H.B. Fuller to earn $5.07 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 17.6%.

H.B. Fuller Stock Up 0.3 %

NYSE:FUL opened at $85.48 on Tuesday. The firm has a market cap of $4.66 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.38 and a beta of 1.44. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.16 and a current ratio of 1.89. H.B. Fuller has a fifty-two week low of $64.64 and a fifty-two week high of $86.92. The firm has a 50-day simple moving average of $79.37 and a two-hundred day simple moving average of $78.51.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings data on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The business had revenue of $917.10 million during the quarter, compared to analyst estimates of $914.22 million. During the same period last year, the business earned $0.93 EPS. H.B. Fuller’s revenue was up 2.1% compared to the same quarter last year. Analysts predict that H.B. Fuller will post 4.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FUL has been the topic of a number of research reports. Robert W. Baird raised their price objective on shares of H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. StockNews.com raised shares of H.B. Fuller from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.75.

Insider Activity at H.B. Fuller

In related news, VP Heather Campe sold 23,696 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the sale, the vice president now owns 19,742 shares of the company’s stock, valued at $1,631,873.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.96% of the stock is owned by insiders.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.