Huntsman Corporation (NYSE:HUN) Plans Quarterly Dividend of $0.09

Key Points

• Huntsman declared a quarterly dividend of $0.0875 per share payable June 30 with an ex‑dividend/record date of June 15, implying an annual dividend of $0.35 and a yield of about 2.4%.
• Dividend sustainability is a concern: the company’s reported payout ratio is 134.6% and analysts forecast very low or negative EPS, indicating Huntsman cannot currently cover the dividend from earnings and is relying on its balance sheet.
• Operational snapshot: Huntsman reported Q1 EPS of $(0.20) (beating estimates by $0.01) on $1.42B revenue, and the stock traded at $14.63 (market cap ~$2.55B) with a 52‑week range of $7.30–$15.90.

Huntsman Corporation (NYSE:HUN - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Investors of record on Monday, June 15th will be given a dividend of 0.0875 per share by the basic materials company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th.

Huntsman has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Huntsman has a payout ratio of 134.6% indicating that 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 $0.04 per share next year, which means the company may not be able to cover its $0.35 annual dividend with an expected future payout ratio of 875.0%.

Huntsman Stock Up 1.8%

HUN traded up $0.26 during trading on Friday, hitting $14.63. 2,921,130 shares of the company's stock were exchanged, compared to its average volume of 6,268,463. Huntsman has a fifty-two week low of $7.30 and a fifty-two week high of $15.90. The stock has a market cap of $2.55 billion, a P/E ratio of -8.87 and a beta of 0.59. The business's 50 day moving average is $12.76 and its two-hundred day moving average is $11.15. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.01. Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted ($0.11) earnings per share. The firm's revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts expect that Huntsman will post -0.46 earnings per share for the current fiscal year.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

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