Published on 9 Dec 2023 on Simply Wall St. via Yahoo Finance
Don't Race Out To Buy Huntsman Corporation (NYSE:HUN) Just Because It's Going Ex-Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Huntsman Corporation (NYSE:HUN) is about to go ex-dividend in just four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Huntsman's shares before the 14th of December in order to be eligible for the dividend, which will be paid on the 29th of December.
The company's next dividend payment will be US$0.24 per share, and in the last 12 months, the company paid a total of US$0.95 per share. Based on the last year's worth of payments, Huntsman has a trailing yield of 3.8% on the current stock price of $24.97. If you buy this business for its dividend, you should have an idea of whether Huntsman's dividend is reliable and sustainable. So we need to investigate whether Huntsman can afford its dividend, and if the dividend could grow.
Check out our latest analysis for Huntsman