H. B. Fuller Company (NYSE:FUL) to Issue Quarterly Dividend of $0.24

H. B. Fuller Company (NYSE:FUL) announced a quarterly dividend on Friday, July 17th. Stockholders of record on Thursday, July 30th will be given a dividend of 0.245 per share by the specialty chemicals company on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 30th.

H. B. Fuller has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 57 consecutive years. H. B. Fuller has a dividend payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect H. B. Fuller to earn $5.59 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 17.5%.

H. B. Fuller Trading Up 2.2%

FUL opened at $58.27 on Friday. H. B. Fuller has a twelve month low of $48.71 and a twelve month high of $68.63. The company has a fifty day moving average of $60.25 and a 200-day moving average of $61.03. The stock has a market cap of $3.13 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.62 and a beta of 0.98. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 1.00.

H. B. Fuller (NYSE:FUL) last released its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $950.27 million for the quarter, compared to analyst estimates of $924.83 million. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. H. B. Fuller’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. On average, sell-side analysts predict that H. B. Fuller will post 4.87 EPS for the current year.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.