Huntsman Co. (NYSE:HUN) Plans Quarterly Dividend of $0.25

Huntsman Co. (NYSE:HUN) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.25 per share by the basic materials company on Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 5.63%.

Huntsman has raised its dividend by an average of 11.3% per year over the last three years. Huntsman has a payout ratio of 85.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Huntsman to earn $0.47 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 212.8%.

Huntsman Stock Performance

Shares of Huntsman stock traded up $0.79 during trading on Tuesday, hitting $17.78. 6,685,634 shares of the stock were exchanged, compared to its average volume of 2,881,743. The stock’s fifty day moving average is $17.52 and its 200 day moving average is $20.19. The stock has a market cap of $3.07 billion, a PE ratio of -25.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. Huntsman has a 12 month low of $15.67 and a 12 month high of $27.01.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HUN shares. Mizuho lowered their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Alembic Global Advisors downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Morgan Stanley reduced their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their price objective on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Huntsman presently has a consensus rating of “Hold” and a consensus target price of $22.63.

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.