FutureFuel Corp. Plans Quarterly Dividend of $0.01 (NYSE:FF)

Key Points

• FutureFuel declared a quarterly dividend of $0.01 per share, payable December 18 to shareholders of record on December 4. The dividend implies an annualized yield of approximately 0.8%, although the company has reduced its dividend by an average of 0.4% annually over the past three years.
• FutureFuel shares opened at $5.25 after declining 1.7%, trading between a 12-month low of $3.09 and high of $6.99. The company reported quarterly revenue of $78.73 million and earnings of $0.25 per share, but continues to show negative net margin and return on equity.
• CEO Roeland Polet increased his stake by purchasing 10,000 shares at $4.28 each, while insiders collectively own 42.6% of the company and institutional investors hold 44.56%.

FutureFuel Corp. (NYSE:FF - Get Free Report) announced a quarterly dividend on Monday, August 31st. Stockholders of record on Friday, December 4th will be given a dividend of 0.01 per share by the energy company on Friday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 4th.

FutureFuel has decreased its dividend by an average of 0.4%annually over the last three years.

FutureFuel Trading Down 1.7%

Shares of NYSE FF opened at $5.25 on Tuesday. FutureFuel has a 12-month low of $3.09 and a 12-month high of $6.99. The firm's 50-day moving average price is $4.96 and its 200-day moving average price is $4.47. The stock has a market capitalization of $230.26 million, a price-to-earnings ratio of -7.50 and a beta of 0.82.

FutureFuel (NYSE:FF - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The energy company reported $0.25 EPS for the quarter. FutureFuel had a negative return on equity of 19.75% and a negative net margin of 19.94%.The company had revenue of $78.73 million during the quarter.

Insider Activity at FutureFuel

In related news, CEO Roeland Polet purchased 10,000 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $4.28 per share, with a total value of $42,800.00. Following the completion of the purchase, the chief executive officer owned 35,000 shares of the company's stock, valued at approximately $149,800. The trade was a 40.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 42.60% of the company's stock.

Institutional Trading of FutureFuel

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in FutureFuel by 226.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,038 shares of the energy company's stock worth $35,000 after purchasing an additional 6,266 shares during the period. Brooklyn Investment Group lifted its holdings in shares of FutureFuel by 4,087.0% in the 3rd quarter. Brooklyn Investment Group now owns 12,854 shares of the energy company's stock worth $50,000 after buying an additional 12,547 shares during the period. Centiva Capital LP bought a new position in shares of FutureFuel during the 3rd quarter worth $50,000. Persistent Asset Partners Ltd bought a new position in shares of FutureFuel during the 2nd quarter worth $51,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of FutureFuel during the third quarter valued at $51,000. Hedge funds and other institutional investors own 44.56% of the company's stock.

FutureFuel Company Profile

FutureFuel Corporation NYSE: FF operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.

The company's manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.

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