H.B. Fuller to Issue Quarterly Dividend of $0.22 (NYSE:FUL)

H.B. Fuller (NYSE:FUL) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Investors of record on Thursday, February 6th will be paid a dividend of 0.2225 per share by the specialty chemicals company on Thursday, February 20th. This represents a $0.89 dividend on an annualized basis and a yield of 1.43%.

H.B. Fuller has raised its dividend by an average of 9.5% per year over the last three years. H.B. Fuller has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect H.B. Fuller to earn $4.76 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 18.7%.

H.B. Fuller Stock Up 0.9 %

Shares of H.B. Fuller stock opened at $62.32 on Friday. H.B. Fuller has a 52-week low of $60.96 and a 52-week high of $87.67. The company has a 50 day moving average of $69.69 and a 200 day moving average of $76.40. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $3.40 billion, a P/E ratio of 26.98, a P/E/G ratio of 1.18 and a beta of 1.43.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The firm had revenue of $923.00 million during the quarter, compared to analysts’ expectations of $916.84 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 EPS. As a group, research analysts forecast that H.B. Fuller will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FUL. Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Citigroup reduced their price objective on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.60.

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.