Huntsman Corporation (NYSE:HUN) Announces Quarterly Dividend of $0.25

Key Points

• Huntsman Corporation declared a quarterly dividend of $0.25 per share, payable to shareholders on September 30th, with a significant annualized yield of 10.4%.
• The company's dividend payout ratio stands at 384.6%, indicating that it is currently relying on its balance sheet to cover dividend payments, as projected earnings may not sustain the dividend in the upcoming year.
• Huntsman reported (-0.20) earnings per share for the last quarter, missing expectations, and has a current stock price of $9.66, well below its 52-week high of $25.12.

Huntsman Corporation (NYSE:HUN - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.25 per share by the basic materials company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 10.4%.

Huntsman has a dividend payout ratio of 384.6% meaning 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 $0.81 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 123.5%.

Huntsman Stock Performance

HUN traded down $0.25 on Thursday, reaching $9.66. 11,434,089 shares of the stock were exchanged, compared to its average volume of 3,815,280. The company's 50-day moving average price is $11.17 and its 200 day moving average price is $13.94. The firm has a market capitalization of $1.68 billion, a PE ratio of -10.62 and a beta of 0.70. Huntsman has a fifty-two week low of $9.45 and a fifty-two week high of $25.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.48 and a quick ratio of 0.82.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. As a group, sell-side analysts forecast that Huntsman will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position in Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 956 shares during the period. Yousif Capital Management LLC raised its position in Huntsman by 9.7% in the first quarter. Yousif Capital Management LLC now owns 11,004 shares of the basic materials company's stock valued at $174,000 after purchasing an additional 972 shares during the period. Mariner LLC raised its position in Huntsman by 10.0% in the fourth quarter. Mariner LLC now owns 13,550 shares of the basic materials company's stock valued at $244,000 after purchasing an additional 1,233 shares during the period. Entropy Technologies LP raised its position in Huntsman by 6.8% in the first quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company's stock valued at $307,000 after purchasing an additional 1,239 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in Huntsman by 1.2% in the first quarter. Gamco Investors INC. ET AL now owns 117,350 shares of the basic materials company's stock valued at $1,853,000 after purchasing an additional 1,350 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Company Profile

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.

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