H. B. Fuller Company (FUL) to Issue Quarterly Dividend of $0.24 on October 30th

H. B. Fuller Company (NYSE:FUL) announced a quarterly dividend on Thursday, October 2nd, RTT News reports. Investors of record on Thursday, October 16th will be paid a dividend of 0.235 per share by the specialty chemicals company on Thursday, October 30th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, October 16th.

H. B. Fuller has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.94 annual dividend with an expected future payout ratio of 19.7%.

H. B. Fuller Price Performance

Shares of NYSE:FUL opened at $58.01 on Tuesday. H. B. Fuller has a 12 month low of $47.56 and a 12 month high of $81.03. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.03 and a beta of 1.12. The stock’s 50 day moving average price is $59.75 and its 200 day moving average price is $57.61. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 EPS for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The firm had revenue of $725.90 million for the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Equities research analysts anticipate that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FUL shares. Citigroup dropped their price target on H. B. Fuller from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 26th. Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. JPMorgan Chase & Co. upped their price target on H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a report on Friday, June 27th. Robert W. Baird upped their price target on H. B. Fuller from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, June 27th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H. B. Fuller in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

About H. B. Fuller

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.