H.B. Fuller Co (FUL) will raise its quarterly dividend by 3.1 percent to $0.1675 per share in 2021. This comes after a dividend hike of 1.6 percent to $0.1625 per share announced in the second quarter of 2020.
The specialty chemicals company has now raised its dividend 52 consecutive years.
The first increased dividend of $0.1675 per share of common stock is payable on May 6, 2021 to shareholders of record at the close of business on April 22, 2021. The new annual dividend of 67 cents per share yields almost 1.1% at a stock price of $63.48 for H.B. Fuller.
In its press release dated April 8, 2021 H.B. Fuller reminds us of the fact that this marks the 52nd consecutive year in which the company has increased its dividend. According to calculations made by dividendhike.com H.B. Fuller will now pay shareholders an estimated total dividend of $35 million annually.
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. Industrial adhesives represent the company's core product offering. . Customers use the company's adhesives products in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, roofing, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automobiles, recreational vehicles, buses, trucks and trailers, marine products, solar energy systems, electronics and products for the aerospace and defense industries. H.B. Fuller operates worldwide with businesses in North America, Europe, Latin America, the Asia Pacific region, India, the Middle East and Africa. The company was founded in 1887 and incorporated as a Minnesota corporation in 1915.