Huntsman is firing off a higher payout. The company has declared a dividend of $0.125 per share of its common stock, to be paid on June 28 to shareholders of record as of June 14. That amount represents an increase of 25% over the company's previous dividend of $0.10. The company had paid this from March 2007 to Dec. 2012.
Huntsman made its first dividend declaration in the waning days of 2006. Since then, it has handed out a distribution in every quarter, although until now that amount remained steady.
The new dividend annualizes to $0.50 per share. That yields 1.2% at Huntsman's current stock price of $41.83.
The article Huntsman Raises Dividend 25% originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Huntsman, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.