Huntsman Co. Announces Quarterly Dividend of $0.16 (HUN)
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.
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.
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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