Huntsman Co. Declares Quarterly Dividend of $0.25 (NYSE:HUN)

Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors of record on Friday, March 14th will be paid a dividend of 0.25 per share by the basic materials company on Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 5.63%.

Huntsman has raised its dividend payment by an average of 11.3% per year over the last three years. Huntsman has a payout ratio of 85.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Huntsman to earn $0.47 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 212.8%.

Huntsman Trading Up 4.6 %

Shares of Huntsman stock traded up $0.79 during mid-day trading on Tuesday, hitting $17.78. 6,685,634 shares of the stock were exchanged, compared to its average volume of 2,881,743. Huntsman has a twelve month low of $15.67 and a twelve month high of $27.01. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -25.76 and a beta of 0.95. The company has a 50-day simple moving average of $17.52 and a 200 day simple moving average of $20.19. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45.

Analysts Set New Price Targets

HUN has been the topic of several research analyst reports. UBS Group cut their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Mizuho cut their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Wells Fargo & Company cut their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada cut their price target on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.63.

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.