Quaker Chemical Corp (KWR) to Issue Quarterly Dividend of $0.37 on January 31st

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.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, November 1st. The specialty chemicals company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.07. The business had revenue of $222.02 million for the quarter, compared to the consensus estimate of $221.31 million. Quaker Chemical had a return on equity of 18.36% and a net margin of 4.83%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 EPS. On average, research analysts forecast that Quaker Chemical will post 5.97 earnings per share for the current year.

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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Dividend History for Quaker Chemical (NYSE:KWR)

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