Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Friday, May 10th, RTT News reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.1625 per share by the basic materials company on Friday, June 28th. This represents a $0.65 annualized dividend and a dividend yield of 3.17%.

Huntsman has increased its dividend by an average of 9.1% per year over the last three years. Huntsman has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Huntsman to earn $3.32 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 19.6%.

Shares of Huntsman stock traded up $0.56 during mid-day trading on Friday, hitting $20.51. The stock had a trading volume of 4,062,696 shares, compared to its average volume of 2,713,668. Huntsman has a 12-month low of $17.58 and a 12-month high of $33.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.83 and a quick ratio of 1.11. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 0.92 and a beta of 2.20.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. Huntsman had a net margin of 2.00% and a return on equity of 19.90%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. Equities analysts expect that Huntsman will post 2.76 earnings per share for the current fiscal year.

HUN has been the subject of several analyst reports. ValuEngine cut shares of Huntsman from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 19th. Barclays set a $21.00 price target on shares of Huntsman and gave the company a “sell” rating in a research note on Tuesday, March 19th. Royal Bank of Canada dropped their price target on shares of Huntsman from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. KeyCorp dropped their price target on shares of Huntsman from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut shares of Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 price target for the company. in a research note on Wednesday, February 13th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.05.

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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.

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Dividend History for Huntsman (NYSE:HUN)

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