Quaker Chemical Corp (NYSE:KWR) announced a quarterly dividend on Wednesday, November 14th, RTT News reports. Shareholders of record on Thursday, January 17th will be given a dividend of 0.37 per share by the specialty chemicals company on Thursday, January 31st. This represents a $1.48 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, January 16th.
Quaker Chemical has raised its dividend by an average of 5.4% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Quaker Chemical has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quaker Chemical to earn $7.23 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 20.5%.
Quaker Chemical stock opened at $191.00 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 2.38 and a beta of 1.45. Quaker Chemical has a fifty-two week low of $137.95 and a fifty-two week high of $217.15.
KWR has been the topic of several research analyst reports. Sidoti boosted their price target on Quaker Chemical from $151.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday, October 10th. Zacks Investment Research cut Quaker Chemical from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 9th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $177.20.
In related news, Director Jeffry D. Frisby sold 3,015 shares of the company’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $202.05, for a total value of $609,180.75. Following the completion of the transaction, the director now owns 9,276 shares of the company’s stock, valued at approximately $1,874,215.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dieter Laininger sold 5,187 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $202.07, for a total value of $1,048,137.09. The disclosure for this sale can be found here. In the last three months, insiders sold 11,952 shares of company stock valued at $2,422,332. Insiders own 3.20% of the company’s stock.
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About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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