Quaker Chemical Co. (NYSE:KWR) Increases Dividend to $0.49 Per Share

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, July 31st, RTT News reports. Investors of record on Thursday, October 17th will be given a dividend of 0.485 per share by the specialty chemicals company on Thursday, October 31st. This represents a $1.94 annualized dividend and a dividend yield of 1.07%. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46.

Quaker Chemical has raised its dividend payment by an average of 4.3% per year over the last three years and has raised its dividend every year for the last 16 years. Quaker Chemical has a dividend payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Chemical to earn $9.96 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 18.3%.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock opened at $181.42 on Thursday. Quaker Chemical has a one year low of $138.67 and a one year high of $221.94. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 1.43 and a beta of 1.40. The business’s 50 day moving average price is $175.95 and its 200 day moving average price is $188.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.98 and a current ratio of 2.66.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating 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 firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. On average, research analysts predict that Quaker Chemical will post 8.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Piper Sandler initiated coverage on shares of Quaker Chemical in a research note on Thursday, May 16th. They set an “overweight” rating and a $220.00 price target on the stock. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th.

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.