Quaker Chemical Co. (KWR) to Issue Quarterly Dividend of $0.40 on January 29th

Quaker Chemical Co. (NYSE:KWR) announced a quarterly dividend on Wednesday, November 18th, RTT News reports. Investors of record on Friday, January 15th will be given a dividend of 0.395 per share by the specialty chemicals company on Friday, January 29th. This represents a $1.58 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, January 14th.

Quaker Chemical has increased its dividend by 13.5% over the last three years and has raised its dividend annually for the last 1 consecutive years. Quaker Chemical has a dividend payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Quaker Chemical to earn $6.65 per share next year, which means the company should continue to be able to cover its $1.58 annual dividend with an expected future payout ratio of 23.8%.

KWR stock opened at $254.17 on Friday. The company has a market cap of $4.53 billion, a P/E ratio of 706.05 and a beta of 1.43. Quaker Chemical has a 52 week low of $108.14 and a 52 week high of $272.31. The company’s 50-day moving average price is $205.14 and its 200 day moving average price is $188.45. The company has a current ratio of 3.00, a quick ratio of 2.39 and a debt-to-equity ratio of 0.92.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, November 5th. The specialty chemicals company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.62. The firm had revenue of $367.20 million for the quarter, compared to the consensus estimate of $331.23 million. Quaker Chemical had a negative net margin of 2.46% and a positive return on equity of 6.45%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. On average, equities research analysts expect that Quaker Chemical will post 3.85 earnings per share for the current year.

In related news, CEO Michael F. Barry sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $194.92, for a total transaction of $2,923,800.00. Also, CAO Shane Hostetter sold 776 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $203.15, for a total transaction of $157,644.40. Following the transaction, the chief accounting officer now directly owns 1,695 shares in the company, valued at approximately $344,339.25. The disclosure for this sale can be found here. Insiders sold 15,851 shares of company stock worth $3,096,669 in the last ninety days. Insiders own 2.10% of the company’s stock.

KWR has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. TheStreet raised shares of Quaker Chemical from a “c+” rating to a “b-” rating in a report on Wednesday.

About Quaker Chemical

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. It operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. The company offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.

Further Reading: What is the Ex-Dividend Date in Investing?

Dividend History for Quaker Chemical (NYSE:KWR)

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