Quaker Chemical Co. (NYSE:KWR) to Issue Quarterly Dividend of $0.46

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Shareholders of record on Wednesday, July 17th will be paid a dividend of 0.455 per share by the specialty chemicals company on Wednesday, July 31st. This represents a $1.82 annualized dividend and a yield of 0.96%.

Quaker Chemical has raised its dividend payment by an average of 4.3% per year over the last three years and has increased its dividend every year for the last 16 years. Quaker Chemical has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quaker Chemical to earn $10.20 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 17.8%.

Quaker Chemical Stock Performance

NYSE KWR opened at $190.16 on Thursday. Quaker Chemical has a 1 year low of $138.67 and a 1 year high of $221.94. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.43 and a beta of 1.48. The company has a fifty day moving average price of $196.08 and a 200-day moving average price of $190.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.98.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.97 by $0.12. The firm had revenue of $469.76 million for the quarter, compared to analysts’ expectations of $494.53 million. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. As a group, equities research analysts predict that Quaker Chemical will post 8.69 EPS for the current fiscal year.

Quaker Chemical declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 28th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the specialty chemicals company to buy up to 4.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KWR shares. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada boosted their price target on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research report on Monday, March 4th.

Quaker Chemical Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It 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.