Huntsman Announces Third Quarter 2024 Common Dividend

Rhea-AI Summary

Huntsman (NYSE: HUN) has announced a quarterly cash dividend of $0.25 per share on its common stock. The dividend will be payable on September 30, 2024, to stockholders of record as of September 13, 2024. This announcement demonstrates Huntsman's commitment to returning value to its shareholders through regular dividend payments. The company's Board of Directors approved this dividend, reflecting confidence in Huntsman's financial stability and cash flow generation capabilities.

Positive

• Consistent dividend payment indicates financial stability
• Maintaining dividend at $0.25 per share suggests steady cash flow

Negative

• None.

Financial Analyst

Huntsman's announcement of a $0.25 per share quarterly dividend aligns with its consistent dividend policy. This dividend yield of approximately 4% (based on current stock price) is competitive within the chemicals sector. While the dividend remains unchanged, it signals financial stability and commitment to shareholder returns amid challenging market conditions.

Investors should note that Huntsman's ability to maintain this dividend level suggests resilient cash flow generation. However, it's important to monitor the company's payout ratio and future earnings projections to assess the sustainability of this dividend policy in the long term, especially considering the cyclical nature of the chemical industry.

THE WOODLANDS, Texas, Aug. 5, 2024 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on September 30, 2024, to stockholders of record as of September 13, 2024.

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 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 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. 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, 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 Huntsman 's dividend amount for Q3 2024?

Huntsman (NYSE: HUN) has declared a cash dividend of $0.25 per share for the third quarter of 2024.

When is the payment date for Huntsman's Q3 2024 dividend?

The dividend payment date for Huntsman 's Q3 2024 dividend is September 30, 2024.

What is the record date for Huntsman's Q3 2024 dividend?

The record date for Huntsman 's Q3 2024 dividend is September 13, 2024.

Has Huntsman (HUN) changed its dividend amount?

The press release does not indicate any change in the dividend amount. Huntsman is maintaining its $0.25 per share quarterly dividend.