In February, I wrote a piece on a chemical industry heavyweight Huntsman Corporation (HUN), expressing concerns regarding revenue contraction this year. I also was moderately confident that headwinds would not make the company change its dividend policy. Thankfully, though buyback was put on pause, HUN is holding the line on dividend, and shareholders still enjoy a $0.1625 quarterly DPS. And investors who purchased the shares during the March stock market turmoil are most likely pleased with the yield of up to ~4%.
Analysts think overall 2020 will be a tough year for the company,