THE
WOODLANDS, Texas, Feb. 20,
2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN)
announced today that its Board of Directors has declared a
$0.2375 per share cash dividend on
its common stock. This represents a 12% increase from the previous
dividend. The dividend is payable on March
31, 2023 to stockholders of record as of March 15, 2023.
Huntsman Corporation also announced it will hold its 2023 Annual
Meeting of Stockholders in virtual meeting format only at
9:00a.m. Central Time on Friday,
April 21, 2023. Holders of record as of the close of business on
February 27, 2023 will be entitled to
vote at the meeting.
Phil Lister, Executive Vice
President and Chief Financial Officer commented:
"Given our strong balance sheet, expected proceeds
from the sale of Textile Effects and free cash flow generation, we
will continue our commitment to return value to our
shareholders."
About Huntsman:
Huntsman Corporation is a publicly
traded global manufacturer and marketer of differentiated and
specialty chemicals with 2021 revenues of approximately
$8 billion. Our chemical products
number in the thousands and are sold worldwide to manufacturers
serving a broad and diverse range of consumer and industrial
end markets. We operate more than 70 manufacturing, R&D and
operations facilities in approximately 30 countries and
employ approximately 9,000 associates within our four distinct
business divisions. For more information about Huntsman, please
visit the company's website
at www.huntsman.com.
Social Media:
Twitter:
www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
Certain information in
this release constitutes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements are
based on management's current beliefs and expectations. The
forward-looking statements in this release are subject to
uncertainty and changes in circumstances and involve risks and
uncertainties that may affect the company's operations, markets,
products, services, prices and other factors as discussed under the
caption "Risk Factors" in the Huntsman companies' filings with the
U.S. Securities and Exchange Commission. Significant risks and
uncertainties may relate to, but are not limited to, the
anticipated timing to close the sale of the Textile Effects
business, volatile global economic conditions, cyclical and
volatile product markets, disruptions in production at
manufacturing facilities, reorganization or restructuring of
Huntsman's operations, including any delay of, or other negative
developments affecting the ability to implement cost reductions,
timing of proposed transactions, and manufacturing optimization
improvements in Huntsman businesses and realize anticipated cost
savings, and other financial, economic, competitive, environmental,
political, legal, regulatory and technological factors. The company
assumes no obligation to provide revisions to any forward-looking
statements should circumstances change, except as otherwise
required by applicable laws.
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SOURCE Huntsman Corporation