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

Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors 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 yield of 5.63%.

Huntsman has increased its dividend payment by an average of 11.3% per year over the last three years. Huntsman has a dividend payout ratio of 85.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Huntsman to earn $0.47 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 212.8%.

Huntsman Price Performance

Shares of Huntsman stock opened at $17.78 on Wednesday. Huntsman has a 1-year low of $15.67 and a 1-year high of $27.01. The firm has a fifty day simple moving average of $17.52 and a 200-day simple moving average of $20.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HUN shares. Morgan Stanley dropped their price objective on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Citigroup reduced their price objective on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company dropped their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their price objective on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.63.

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.