Huntsman Corporation (HUN) To Go Ex-Dividend on December 15th

Huntsman Corporation (NYSE:HUN) declared a quarterly dividend on Thursday, November 6th. Investors of record on Monday, December 15th will be paid a dividend of 0.0875 per share by the basic materials company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, December 15th.

Huntsman has increased its dividend by an average of 0.1%annually over the last three years and has increased 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. Research analysts expect Huntsman to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 43.2%.

Huntsman Stock Performance

Huntsman stock traded down $0.07 during mid-day trading on Friday, reaching $10.62. The company had a trading volume of 3,463,532 shares, compared to its average volume of 5,031,323. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -5.59 and a beta of 0.68. The company has a 50 day moving average of $8.95 and a 200-day moving average of $10.04. Huntsman has a 52 week low of $7.30 and a 52 week high of $19.07.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.10. Huntsman had a negative net margin of 5.69% and a negative return on equity of 3.26%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that Huntsman will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Huntsman

Several institutional investors have recently added to or reduced their stakes in HUN. Strategic Advocates LLC bought a new stake in Huntsman during the third quarter worth about $27,000. SJS Investment Consulting Inc. bought a new stake in Huntsman during the 3rd quarter worth approximately $33,000. GAMMA Investing LLC increased its holdings in Huntsman by 104.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 2,015 shares in the last quarter. IFP Advisors Inc raised its position in Huntsman by 197.6% in the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its stake in Huntsman by 2,182.0% in the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 4,124 shares in the last quarter. 84.81% of the stock is owned by institutional investors.

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.