Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, November 18th, RTT News reports. Shareholders 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 of this dividend is Thursday, January 14th.
Quaker Chemical has raised its dividend by 13.5% over the last three years and has raised its dividend every year for the last 1 years. Quaker Chemical has a 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%.
NYSE KWR opened at $254.17 on Friday. Quaker Chemical has a 12 month low of $108.14 and a 12 month high of $272.31. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.00 and a quick ratio of 2.39. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 706.05 and a beta of 1.43. The company’s fifty day moving average price is $205.14 and its two-hundred day moving average price is $188.45.
Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, November 5th. The specialty chemicals company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.62. Quaker Chemical had a negative net margin of 2.46% and a positive return on equity of 6.45%. The firm had revenue of $367.20 million for the quarter, compared to the consensus estimate of $331.23 million. During the same period in the prior year, the firm posted $1.56 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. As a group, analysts anticipate that Quaker Chemical will post 3.85 EPS for the current year.
In other news, CAO Shane Hostetter sold 776 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $203.15, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael F. Barry sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $194.92, for a total transaction of $2,923,800.00. Over the last 90 days, insiders sold 15,851 shares of company stock worth $3,096,669. Insiders own 2.10% of the company’s stock.
A number of research firms have commented on KWR. Zacks Investment Research downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. TheStreet upgraded shares of Quaker Chemical from a “c+” rating to a “b-” rating in a research 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.
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