H. B. Fuller Company (NYSE:FUL) Shareholders to Get $0.24 Quarterly Dividend

Key Points

• H. B. Fuller declared a quarterly dividend of $0.245 per share, equivalent to $0.98 annually and a 2.0% yield. The dividend is payable October 29 to shareholders of record on October 15, and marks the company’s 57th consecutive year of dividend increases.
• The dividend appears well covered, with a payout ratio of 21.2%; analysts expect next year’s earnings of $5.35 per share, implying a projected payout ratio of 18.3%.
• H. B. Fuller reported quarterly EPS of $1.52, beating estimates by $0.05, while revenue rose 5.2% year over year to $938.17 million but fell short of expectations.

H. B. Fuller Company (NYSE:FUL - Get Free Report) announced a quarterly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.2450 per share by the specialty chemicals company on Thursday, October 29th. This represents a $0.98 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, October 15th.

H. B. Fuller has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 57 years. H. B. Fuller has a dividend payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Analysts expect H. B. Fuller to earn $5.35 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 18.3%.

H. B. Fuller Trading Up 1.4%

Shares of H. B. Fuller stock opened at $50.18 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.82. The company has a market capitalization of $2.70 billion, a P/E ratio of 13.98, a PEG ratio of 0.61 and a beta of 0.99. H. B. Fuller has a 1 year low of $46.70 and a 1 year high of $68.63. The company's fifty day moving average is $55.24 and its two-hundred day moving average is $58.18.

H. B. Fuller (NYSE:FUL - Get Free Report) last announced its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.05. The business had revenue of $938.17 million during the quarter, compared to analysts' expectations of $945.59 million. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. The business's revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Analysts forecast that H. B. Fuller will post 4.88 earnings per share for the current year.

H. B. Fuller Company Profile

H.B. Fuller Company is a global manufacturer of adhesives, sealants and specialty chemical products. Its solutions are used to bond, seal, protect and assemble materials in commercial and industrial applications, including packaging, hygiene products, construction, transportation, electronics and durable goods.

The company offers products such as hot-melt, water-based and reactive adhesives, construction adhesives, sealants, coatings and specialty formulations. H.B. Fuller serves manufacturers, contractors and other commercial customers that require bonding and sealing solutions for products, components and building materials.

Founded in 1887 by Harvey Benjamin Fuller, the company has grown from a regional adhesive producer into an international supplier serving customers across North America, Europe, Asia-Pacific and Latin America.

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