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

Huntsman Co. (NYSE:HUN) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.25 per share by the basic materials company on Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Friday, March 14th.

Huntsman has increased its dividend by an average of 11.3% per year over the last three years. Huntsman has a payout ratio of 85.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Huntsman to earn $1.03 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 97.1%.

Huntsman Trading Up 1.4 %

NYSE HUN opened at $18.06 on Thursday. The business’s 50-day moving average price is $17.45 and its 200 day moving average price is $20.14. Huntsman has a 52-week low of $15.67 and a 52-week high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. On average, sell-side analysts predict that Huntsman will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HUN shares. JPMorgan Chase & Co. cut their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada cut their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a report on Thursday, December 19th. Mizuho cut their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Citigroup lowered their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company lowered their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.88.

Huntsman Company Profile

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.