Koppers Holdings Inc. (NYSE:KOP) Plans $0.07 Quarterly Dividend

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.07 per share by the specialty chemicals company on Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, November 29th.

Koppers has a payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Koppers to earn $4.29 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 6.5%.

Koppers Price Performance

Shares of Koppers stock opened at $38.29 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. Koppers has a twelve month low of $33.80 and a twelve month high of $58.23. The business has a 50-day moving average price of $36.59 and a 200 day moving average price of $38.20. The firm has a market cap of $776.14 million, a PE ratio of 10.88 and a beta of 1.84.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.12. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm had revenue of $554.30 million during the quarter, compared to analyst estimates of $571.80 million. During the same quarter in the previous year, the business earned $1.32 EPS. Koppers’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts predict that Koppers will post 4.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Singular Research upgraded Koppers to a “strong-buy” rating in a research report on Friday, September 20th. Finally, Barrington Research reiterated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research report on Tuesday, November 12th.

Insider Buying and Selling

In other Koppers news, Director Stephen R. Tritch sold 3,533 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the sale, the director now directly owns 47,737 shares in the company, valued at $1,770,087.96. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $37.92, for a total value of $189,600.00. Following the completion of the sale, the chief executive officer now owns 315,129 shares in the company, valued at approximately $11,949,691.68. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,533 shares of company stock worth $544,164. Company insiders own 6.55% of the company’s stock.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.