Huntsman Corporation (NYSE:HUN) to Issue Quarterly Dividend of $0.09

Huntsman Corporation (NYSE:HUN) declared a quarterly dividend on Thursday, April 30th. Investors 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 is Monday, June 15th.

Huntsman has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 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. 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 traded up $0.26 on Friday, hitting $14.63. The company’s stock had a trading volume of 2,921,130 shares, compared to its average volume of 6,268,463. Huntsman has a 1 year low of $7.30 and a 1 year high of $15.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.78. The company has a market capitalization of $2.55 billion, a PE ratio of -8.87 and a beta of 0.59. The company has a 50-day simple moving average of $12.76 and a 200 day simple moving average of $11.15.

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

Institutional Investors Weigh In On Huntsman

Several institutional investors have recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new stake in Huntsman in the 3rd quarter worth $27,000. SJS Investment Consulting Inc. bought a new stake in shares of Huntsman in the third quarter worth about $33,000. Strengthening Families & Communities LLC increased its holdings in Huntsman by 2,182.0% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 4,124 shares during the period. Bayforest Capital Ltd lifted its holdings in Huntsman by 986.0% in the 3rd quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock worth $58,000 after buying an additional 5,906 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Huntsman during the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

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.