H.B. Fuller (NYSE:FUL) Raises Dividend to $0.24 Per Share

H.B. Fuller (NYSE:FUL - Get Free Report) announced a quarterly dividend on Tuesday, April 15th, RTT News reports. Investors of record on Tuesday, April 29th will be given a dividend of 0.235 per share by the specialty chemicals company on Tuesday, May 13th. This represents a $0.94 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, April 29th. This is a 5.6% increase from H.B. Fuller's previous quarterly dividend of $0.22.

H.B. Fuller has raised its dividend payment by an average of 9.5% annually over the last three years and has raised its dividend annually for the last 56 consecutive years. H.B. Fuller has a dividend payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect H.B. Fuller to earn $4.76 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 18.7%.

H.B. Fuller Trading Up 2.5 %

FUL traded up $1.30 during trading on Friday, reaching $53.65. The company had a trading volume of 606,956 shares, compared to its average volume of 374,937. The firm's 50-day simple moving average is $55.33 and its 200 day simple moving average is $65.54. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.13 and a beta of 1.27. H.B. Fuller has a 12-month low of $47.56 and a 12-month high of $87.67.

H.B. Fuller (NYSE:FUL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. The firm had revenue of $788.66 million during the quarter, compared to the consensus estimate of $769.55 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. Equities research analysts anticipate that H.B. Fuller will post 4.07 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FUL shares. Citigroup reduced their target price on H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on H.B. Fuller from $60.00 to $50.00 and set an "underweight" rating on the stock in a research report on Friday, March 28th. Deutsche Bank Aktiengesellschaft decreased their target price on H.B. Fuller from $75.00 to $72.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Seaport Res Ptn lowered H.B. Fuller from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Vertical Research lowered shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $62.50.

Insider Activity at H.B. Fuller

In other H.B. Fuller news, CEO Celeste Beeks Mastin bought 3,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were acquired at an average price of $56.66 per share, with a total value of $198,310.00. Following the completion of the purchase, the chief executive officer now directly owns 3,500 shares in the company, valued at $198,310. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.99% of the stock is currently owned by corporate insiders.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.