H.B. Fuller (NYSE:FUL) Raises Dividend to $0.24 Per Share

H.B. Fuller (NYSE:FUL - Get Free Report) announced a quarterly dividend on Tuesday, April 15th, RTT News reports. Stockholders of record on Tuesday, April 29th will be paid a dividend of 0.235 per share by the specialty chemicals company on Tuesday, May 13th. This represents a $0.94 annualized dividend and a dividend yield of 1.75%. This is a 5.6% increase from H.B. Fuller's previous quarterly dividend of $0.22.

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H.B. Fuller has increased its dividend by an average of 9.5% per year over the last three years and has raised its dividend annually for the last 56 consecutive years. H.B. Fuller has a payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect H.B. Fuller to earn $4.76 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 18.7%.

H.B. Fuller Stock Performance

Shares of FUL stock traded down $0.37 during mid-day trading on Tuesday, hitting $53.58. 300,576 shares of the stock were exchanged, compared to its average volume of 373,605. The stock's fifty day simple moving average is $55.93 and its two-hundred day simple moving average is $66.16. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. H.B. Fuller has a 12-month low of $47.56 and a 12-month high of $87.67. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.13 and a beta of 1.27.

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H.B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The company had revenue of $788.66 million for the quarter, compared to analyst estimates of $769.55 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The firm's revenue was down 2.7% compared to the same quarter last year. On average, analysts forecast that H.B. Fuller will post 4.07 EPS for the current year.

Insider Activity

In other news, CEO Celeste Beeks Mastin acquired 3,500 shares of H.B. Fuller stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average cost of $56.66 per share, with a total value of $198,310.00. Following the completion of the acquisition, the chief executive officer now owns 3,500 shares in the company, valued at $198,310. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.99% of the company's stock.

Analysts Set New Price Targets

• Dividend King H.B. Fuller Rises On Hopes For Rebound

A number of research firms have weighed in on FUL. Deutsche Bank Aktiengesellschaft decreased their price objective on H.B. Fuller from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Vertical Research lowered shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Seaport Res Ptn downgraded shares of H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on shares of H.B. Fuller from $60.00 to $50.00 and set an "underweight" rating on the stock in a report on Friday, March 28th. Finally, Citigroup cut their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $63.33.

Check Out Our Latest Analysis on FUL

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

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