FutureFuel Corp. (NYSE:FF – Get Rating) declared a quarterly dividend on Friday, February 4th, Wall Street Journal reports. Investors of record on Wednesday, June 1st will be given a dividend of 0.06 per share by the energy company on Wednesday, June 15th. This represents a $0.24 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 31st.
FutureFuel has raised its dividend payment by an average of 118.4% annually over the last three years.
FutureFuel stock opened at $7.34 on Friday. FutureFuel has a one year low of $6.15 and a one year high of $10.74. The business has a fifty day moving average of $9.12 and a two-hundred day moving average of $8.31. The company has a market cap of $321.20 million, a P/E ratio of 14.12 and a beta of 0.77.
Separately, StockNews.com downgraded FutureFuel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 19th.
A number of institutional investors and hedge funds have recently bought and sold shares of FF. Morgan Stanley grew its holdings in FutureFuel by 74.2% in the 2nd quarter. Morgan Stanley now owns 195,950 shares of the energy company’s stock valued at $1,880,000 after buying an additional 83,478 shares during the period. Millennium Management LLC increased its position in shares of FutureFuel by 83.0% in the third quarter. Millennium Management LLC now owns 218,430 shares of the energy company’s stock worth $1,557,000 after acquiring an additional 99,044 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of FutureFuel by 145.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 27,682 shares of the energy company’s stock valued at $197,000 after acquiring an additional 16,415 shares during the period. Bank of New York Mellon Corp raised its stake in shares of FutureFuel by 6.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 503,881 shares of the energy company’s stock valued at $3,592,000 after acquiring an additional 31,421 shares during the period. Finally, Citigroup Inc. raised its stake in shares of FutureFuel by 42.1% in the 4th quarter. Citigroup Inc. now owns 19,699 shares of the energy company’s stock valued at $151,000 after acquiring an additional 5,834 shares during the period. Institutional investors own 46.74% of the company’s stock.
About FutureFuel (Get Rating)
FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the agricultural chemical, coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.
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