Huntsman Corporation (HUN) To Go Ex-Dividend on November 27th

Huntsman Corporation (NYSE:HUN) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Friday, November 27th will be paid a dividend of $0.0875 per share by the basic materials company on Friday, December 11th. This represents a $0.35 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 27th.

Huntsman has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Huntsman has a payout ratio of 134.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Price Performance

Shares of NYSE:HUN opened at $9.66 on Friday. Huntsman has a 12-month low of $7.99 and a 12-month high of $16.08. The business has a fifty day simple moving average of $9.01 and a 200 day simple moving average of $11.59. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of 0.60.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Monday, November 2nd. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. On average, equities research analysts predict that Huntsman will post -0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Huntsman in the second quarter worth approximately $193,750,000. Dimensional Fund Advisors LP boosted its holdings in shares of Huntsman by 16.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,950,777 shares of the basic materials company’s stock worth $92,509,000 after buying an additional 1,003,187 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Huntsman during the 2nd quarter worth approximately $54,817,000. Private Management Group Inc. acquired a new stake in shares of Huntsman during the 3rd quarter worth approximately $27,935,000. Finally, Bank of America Corp DE bought a new stake in shares of Huntsman in the 2nd quarter valued at $23,596,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

Huntsman Corporation is a global chemicals manufacturer that produces differentiated and specialty chemical products for industrial and consumer markets. Its products include polyurethane chemicals, epoxy and other advanced materials, and performance chemicals used in applications such as insulation, coatings, adhesives, construction, transportation, textiles, and electronics. Founded by Jon Huntsman Sr. in 1970, the company began as a plastics and packaging business before expanding into chemicals.