H.B. Fuller (NYSE:FUL) Increases Dividend to $0.24 Per Share

H.B. Fuller (NYSE:FUL - Get Free Report) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Investors of record on Tuesday, April 29th will be given a dividend of 0.235 per share by the specialty chemicals company on Tuesday, May 13th. This represents a $0.94 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, April 29th. This is a 5.6% increase from H.B. Fuller's previous quarterly dividend of $0.22.

H.B. Fuller has increased its dividend by an average of 9.5% annually over the last three years and has raised its dividend annually for the last 56 consecutive years. H.B. Fuller has a payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 $0.89 annual dividend with an expected future payout ratio of 18.7%.

H.B. Fuller Stock Performance

Shares of NYSE:FUL traded up $1.30 during midday trading on Friday, reaching $53.65. The company's stock had a trading volume of 606,956 shares, compared to its average volume of 375,357. H.B. Fuller has a twelve month low of $47.56 and a twelve month high of $87.67. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $2.91 billion, a PE ratio of 23.22, a P/E/G ratio of 1.13 and a beta of 1.27. The stock has a fifty day moving average of $55.33 and a 200 day moving average of $65.63.

H.B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $788.66 million for the quarter, compared to analyst estimates of $769.55 million. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The firm's revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.67 earnings per share. On average, equities analysts expect that H.B. Fuller will post 4.07 EPS for the current fiscal year.

Insider Transactions at H.B. Fuller

In related news, CEO Celeste Beeks Mastin bought 3,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were purchased at an average cost of $56.66 per share, with a total value of $198,310.00. Following the transaction, the chief executive officer now directly owns 3,500 shares of the company's stock, valued at approximately $198,310. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.99% of the company's stock.

Analyst Upgrades and Downgrades

FUL has been the subject of a number of research analyst reports. Baird R W upgraded shares of H.B. Fuller from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Citigroup decreased their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on H.B. Fuller from $60.00 to $50.00 and set an "underweight" rating for the company in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft decreased their target price on H.B. Fuller from $75.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Finally, Vertical Research lowered H.B. Fuller from a "buy" rating to a "hold" rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, H.B. Fuller currently has a consensus rating of "Hold" and an average price target of $62.50.

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.