Huntsman Co. (NYSE:HUN) to Issue Quarterly Dividend of $0.16

Huntsman Co. (NYSE:HUN) declared a quarterly dividend on Thursday, August 8th, RTT News reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.1625 per share by the basic materials company on Monday, September 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, September 12th.

Huntsman has increased its dividend payment by an average of 9.1% per year over the last three years. Huntsman has a dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Huntsman to earn $2.81 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 23.1%.

Shares of HUN traded down $0.21 during mid-day trading on Wednesday, reaching $22.54. The company had a trading volume of 54,740 shares, compared to its average volume of 2,184,734. The stock has a market capitalization of $5.17 billion, a P/E ratio of 6.73, a PEG ratio of 1.14 and a beta of 2.30. Huntsman has a 52-week low of $17.33 and a 52-week high of $29.60. The stock has a 50 day moving average of $19.94 and a two-hundred day moving average of $21.12. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.96.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Huntsman had a positive return on equity of 18.68% and a negative net margin of 1.37%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the company posted $1.01 EPS. The company’s revenue was down 8.7% on a year-over-year basis. On average, sell-side analysts expect that Huntsman will post 2.31 earnings per share for the current year.

Several equities analysts have issued reports on HUN shares. UBS Group set a $26.00 price objective on shares of Huntsman and gave the company a “buy” rating in a report on Wednesday, July 31st. ValuEngine upgraded Huntsman from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group reduced their target price on Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a report on Monday, June 17th. KeyCorp decreased their target price on Huntsman from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Finally, Nomura reaffirmed a “buy” rating and issued a $26.00 price target on shares of Huntsman in a research note on Sunday, August 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Huntsman has a consensus rating of “Hold” and an average target price of $27.36.

Huntsman Company Profile

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

Featured Article: Why Net Income is Important to Investors

Dividend History for Huntsman (NYSE:HUN)

Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with's FREE daily email newsletter.