H.B. Fuller (NYSE:FUL) Announces Quarterly Dividend of $0.22

H.B. Fuller (NYSE:FUL) announced a quarterly dividend on Thursday, July 18th, Wall Street Journal reports. Stockholders of record on Wednesday, July 31st will be paid a dividend of 0.2225 per share by the specialty chemicals company on Wednesday, August 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, July 31st. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.22.

H.B. Fuller has increased its dividend payment by an average of 7.5% annually over the last three years and has increased its dividend annually for the last 56 consecutive years. H.B. Fuller has a dividend payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Analysts expect H.B. Fuller to earn $5.07 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 17.6%.

H.B. Fuller Stock Performance

NYSE:FUL traded down $0.87 during trading hours on Thursday, hitting $84.09. 252,965 shares of the company traded hands, compared to its average volume of 319,030. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 1.39 and a beta of 1.44. H.B. Fuller has a twelve month low of $64.64 and a twelve month high of $86.92. The firm has a 50-day moving average of $78.82 and a 200 day moving average of $78.22. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13.

H.B. Fuller (NYSE:FUL) last released its earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.03 by $0.09. The firm had revenue of $917.10 million during the quarter, compared to analysts’ expectations of $914.22 million. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. On average, analysts forecast that H.B. Fuller will post 4.4 EPS for the current year.

Insider Buying and Selling at H.B. Fuller

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $82.66, for a total value of $1,958,711.36. Following the sale, the vice president now owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Heather Campe sold 23,696 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $82.66, for a total value of $1,958,711.36. Following the sale, the vice president now owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Zhiwei Cai sold 4,645 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $75.15, for a total transaction of $349,071.75. Following the completion of the sale, the executive vice president now directly owns 30,663 shares in the company, valued at approximately $2,304,324.45. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird upped their target price on shares of H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. StockNews.com lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.75.

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.