Huntsman Corporation (NYSE:HUN) Shares Set to Pay Quarterly Dividend of $0.09

Huntsman Corporation (NYSE:HUN) announced 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 is Friday, November 27th.

Huntsman has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive 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 research 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 $9.78 on Thursday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -9.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.80. Huntsman has a 12 month low of $7.99 and a 12 month high of $16.08. The stock’s 50 day moving average price is $9.01 and its 200 day moving average price is $11.60.

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

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.