Huntsman Co. (NYSE:HUN) to Issue $0.25 Quarterly Dividend

Huntsman Co. (NYSE:HUN - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.25 per share by the basic materials company on Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Friday, March 14th.

Huntsman has increased its dividend payment by an average of 11.3% annually over the last three years. Huntsman has a dividend payout ratio of 113.6% meaning 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 $1.03 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 97.1%.

Huntsman Stock Performance

NYSE HUN traded down $0.15 on Friday, hitting $17.63. 2,334,043 shares of the stock traded hands, compared to its average volume of 2,923,344. The business's fifty day moving average is $17.42 and its two-hundred day moving average is $20.12. Huntsman has a 12 month low of $15.67 and a 12 month high of $27.01. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -16.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. As a group, equities analysts anticipate that Huntsman will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HUN shares. JPMorgan Chase & Co. cut their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday. Alembic Global Advisors lowered Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. Morgan Stanley cut their price target on Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Wells Fargo & Company cut their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Royal Bank of Canada raised their price target on Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Huntsman currently has an average rating of "Hold" and a consensus target price of $21.63.

About Huntsman

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.