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

Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.25 per share by the basic materials company on Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 4.64%.

Huntsman has raised its dividend payment by an average of 13.5% annually over the last three years. Huntsman has a payout ratio of 89.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Huntsman to earn $1.07 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 93.5%.

Huntsman Trading Up 4.0 %

NYSE:HUN opened at $21.56 on Wednesday. The company has a market capitalization of $3.73 billion, a P/E ratio of -41.48 and a beta of 1.02. The stock’s 50 day moving average price is $22.74 and its 200 day moving average price is $23.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. Huntsman has a 52 week low of $19.90 and a 52 week high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business posted $0.15 EPS. Huntsman’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts forecast that Huntsman will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company cut their target price on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. UBS Group reduced their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Huntsman presently has an average rating of “Hold” and an average target price of $25.88.

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.