Huntsman Announces a 13% Increase in First Quarter 2022 Common Dividend

Rhea-AI Summary

Huntsman Corporation (NYSE: HUN) has declared a $0.2125 per share cash dividend, marking a 13% increase compared to the previous dividend. The dividend is scheduled for payment on March 31, 2022, for stockholders on record as of March 15, 2022. Chairman and CEO Peter Huntsman confirmed that this decision reflects the company’s strong business results and outlook, emphasizing their commitment to providing value to shareholders.

Positive

• Declared a $0.2125 per share cash dividend.
• Dividend represents a 13% increase, indicating strong financial health.

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• None.

THE WOODLANDS, Texas, Feb. 14, 2022 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced that its board of directors declared a $0.2125 per share cash dividend on its common stock. This represents a 13% increase from the previous dividend.  The dividend is payable on March 31, 2022, to stockholders of record as of March 15, 2022.

Commenting on the Board's action, Peter Huntsman, Chairman of the Board, President and CEO, said: "Given our business results and outlook, the Board of Directors will continue to ensure that we remain competitive in how we return value to our shareholders."

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2020 revenues of approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.

Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, ability to achieve projected synergies, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

 

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SOURCE Huntsman Corporation

FAQ

What is the dividend amount declared by Huntsman Corporation?

Huntsman Corporation declared a dividend of $0.2125 per share.

When is the dividend payable for HUN shareholders?

The dividend is payable on March 31, 2022, to stockholders of record as of March 15, 2022.

What is the significance of the 13% increase in the dividend amount for HUN?

The 13% increase in dividend signals Huntsman's strong financial performance and commitment to returning value to shareholders.