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

Huntsman Corporation (NYSE:HUN) announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, September 15th will be given a dividend of 0.0875 per share by the basic materials company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 15th.

Huntsman has increased its dividend by an average of 0.1%annually 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. Analysts expect Huntsman to earn $0.08 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 437.5%.

Huntsman Trading Up 0.6%

Shares of Huntsman stock opened at $12.04 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. Huntsman has a 12-month low of $7.30 and a 12-month high of $16.08. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -6.27 and a beta of 0.69. The firm’s 50-day moving average price is $12.75 and its two-hundred day moving average price is $12.82.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned ($0.11) EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts forecast that Huntsman will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Huntsman

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUN. Union Bancaire Privee UBP SA bought a new position in shares of Huntsman in the 1st quarter valued at $2,632,000. BNP Paribas Financial Markets grew its position in Huntsman by 236.2% during the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock worth $11,826,000 after acquiring an additional 830,828 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Huntsman in the 4th quarter worth about $1,001,000. Vanguard Group Inc. increased its holdings in Huntsman by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock worth $178,809,000 after purchasing an additional 1,523,590 shares in the last quarter. Finally, Pzena Investment Management LLC raised its position in Huntsman by 5.8% in the fourth quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock valued at $57,052,000 after purchasing an additional 311,312 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

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.