Huntsman Corporation (HUN) To Go Ex-Dividend on June 15th

Huntsman Corporation (NYSE:HUN) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, June 15th will be given a dividend of 0.0875 per share by the basic materials company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th.

Huntsman has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Huntsman has a dividend payout ratio of 134.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Huntsman to earn $0.04 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 875.0%.

Huntsman Stock Performance

HUN traded up $0.09 during trading on Friday, hitting $14.46. 5,946,911 shares of the stock were exchanged, compared to its average volume of 6,315,252. The firm has a market capitalization of $2.52 billion, a P/E ratio of -8.83 and a beta of 0.59. Huntsman has a 1-year low of $7.30 and a 1-year high of $15.90. The stock has a fifty day moving average price of $12.76 and a two-hundred day moving average price of $11.15. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Huntsman had a negative return on equity of 3.97% and a negative net margin of 5.00%.The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) earnings per share. As a group, sell-side analysts predict that Huntsman will post -0.46 earnings per share for the current year.

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.