Huntsman Corporation (NYSE:HUN) Announces Quarterly Dividend of $0.09

Huntsman Corporation (NYSE:HUN) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Monday, December 15th will be given a dividend of 0.0875 per share by the basic materials company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, December 15th.

Huntsman has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Huntsman has a payout ratio of 384.6% 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 research analysts expect Huntsman to earn $0.81 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 123.5%.

Huntsman Price Performance

NYSE HUN traded up $0.60 during mid-day trading on Friday, hitting $8.02. The stock had a trading volume of 4,427,012 shares, compared to its average volume of 4,190,779. The firm’s 50 day moving average is $9.36 and its 200 day moving average is $10.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -4.13 and a beta of 0.68. Huntsman has a twelve month low of $7.30 and a twelve month high of $20.94.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.10. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $0.10 earnings per share. Huntsman’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts forecast that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.