Huntsman Corporation (HUN) to Issue Quarterly Dividend of $0.09 on June 30th

Huntsman Corporation (NYSE:HUN) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0875 per share by the basic materials company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, June 15th.

Huntsman has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 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 research analysts expect Huntsman to earn $0.06 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 583.3%.

Huntsman Price Performance

Shares of NYSE HUN opened at $15.73 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.27. Huntsman has a fifty-two week low of $7.30 and a fifty-two week high of $15.93. The firm has a market capitalization of $2.76 billion, a PE ratio of -8.19 and a beta of 0.64. The stock’s 50-day simple moving average is $14.15 and its 200-day simple moving average is $12.44.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company earned ($0.11) EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Huntsman will post -0.25 EPS for the current fiscal year.

Institutional Trading of Huntsman

A number of hedge funds have recently added to or reduced their stakes in HUN. Strategic Advocates LLC acquired a new stake in Huntsman during the 3rd quarter worth approximately $27,000. Advisory Services Network LLC acquired a new stake in Huntsman during the 3rd quarter worth approximately $58,000. Caitong International Asset Management Co. Ltd lifted its position in Huntsman by 121.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,706 shares during the period. Parkside Financial Bank & Trust lifted its position in Huntsman by 1,005.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after acquiring an additional 5,925 shares during the period. Finally, Platinum Investment Management Ltd. acquired a new stake in Huntsman during the 4th quarter worth approximately $68,000. 84.81% of the stock is owned by institutional investors and hedge funds.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.