Huntsman Corporation (NYSE:HUN – Get Free Report) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Friday, November 27th will be given a dividend of $0.0875 per share by the basic materials company on Friday, December 11th. This represents a $0.35 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 27th.
Huntsman has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Huntsman has a payout ratio of 134.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Huntsman to earn $0.04 per share next year, which means the company may not be able to cover its $0.35 annual dividend with an expected future payout ratio of 875.0%.
Huntsman Price Performance
Shares of NYSE:HUN opened at $9.78 on Thursday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -9.78 and a beta of 0.73. The business has a 50 day moving average price of $9.01 and a 200 day moving average price of $11.60. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of 0.60. Huntsman has a twelve month low of $7.99 and a twelve month high of $16.08.
Huntsman (NYSE:HUN – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). Huntsman had a negative return on equity of 3.11% and a negative net margin of 2.81%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Research analysts predict that Huntsman will post -0.29 earnings per share for the current year.
About Huntsman
Huntsman Corporation is a global chemicals manufacturer that produces differentiated and specialty chemical products for industrial and consumer markets. Its products include polyurethane chemicals, epoxy and other advanced materials, and performance chemicals used in applications such as insulation, coatings, adhesives, construction, transportation, textiles, and electronics. Founded by Jon Huntsman Sr. in 1970, the company began as a plastics and packaging business before expanding into chemicals.
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