H. B. Fuller Company (NYSE:FUL) announced a quarterly dividend on Thursday, October 5th, RTT News reports. Stockholders of record on Thursday, October 19th will be given a dividend of 0.15 per share by the specialty chemicals company on Thursday, November 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, October 18th.

H. B. Fuller has increased its dividend payment by an average of 12.6% annually over the last three years and has raised its dividend every year for the last 47 years. H. B. Fuller has a payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Analysts expect H. B. Fuller to earn $2.95 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.3%.

Shares of H. B. Fuller (NYSE:FUL) opened at 57.15 on Friday. The stock has a 50 day moving average price of $54.93 and a 200-day moving average price of $52.30. The company has a market cap of $2.88 billion, a P/E ratio of 28.03 and a beta of 1.72. H. B. Fuller has a 1-year low of $41.52 and a 1-year high of $58.74.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). The firm had revenue of $562.87 million during the quarter, compared to the consensus estimate of $553.66 million. H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. Analysts predict that H. B. Fuller will post $2.60 earnings per share for the current fiscal year.

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A number of research analysts have commented on the company. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird started coverage on H. B. Fuller in a research note on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price target on the stock. Deutsche Bank AG increased their price target on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, September 6th. KeyCorp reissued a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Finally, BidaskClub downgraded H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. H. B. Fuller presently has an average rating of “Hold” and a consensus price target of $57.40.

In other news, VP Traci L. Jensen sold 5,397 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $58.40, for a total value of $315,184.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.

About H. B. Fuller

H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.

Dividend History for H. B. Fuller (NYSE:FUL)

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