FutureFuel Corp. (FF) will pay a special cash dividend of $2.50 per share in 2021. This comes after a special dividend of $3.00 per share in 2020. The company pays a regular quarterly dividend of 6 cents per share. Earlier a $2.29 special dividend was announced in 2016.
The manufacturer of custom and performance chemicals and biofuels will pay the dividend with a record date of May 21, 2021 and a payment date of June 4, 2021. The ex-dividend date for the $2.50 per share special dividend by FF is May 20, 2021. The regular annual dividend of $0.24 per share yields 2.1% at a stock price of $13.61.
FutureFuel Corp. is a manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers as well as multi-customer specialty chemicals. FutureFuel’s custom chemicals product portfolio includes a bleach activator for a major detergent manufacturer, proprietary herbicide and intermediates for major life sciences companies, and chlorinated polyolefin adhesion promoters and antioxidant precursors for a major chemical company. FutureFuel’s performance chemicals product portfolio includes polymer (nylon) modifiers and several small-volume specialty chemicals for diverse applications. FutureFuel’s biofuels segment primarily produces and sells biodiesel to its customers. The company has paid a regular dividend every year since 2011.