Quaker Chemical Co. Declares Quarterly Dividend of $0.49 (NYSE:KWR)

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, November 20th,RTT News reports. Shareholders of record on Friday, January 17th will be given a dividend of 0.485 per share by the specialty chemicals company on Friday, January 31st. This represents a $1.94 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, January 17th.

Quaker Chemical has increased its dividend by an average of 4.3% annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Quaker Chemical has a payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Quaker Chemical to earn $8.85 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 21.9%.

Quaker Chemical Stock Up 0.9 %

Shares of NYSE KWR opened at $166.45 on Friday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.97 and a beta of 1.38. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $163.89 and its two-hundred day moving average is $170.25. Quaker Chemical has a 52-week low of $151.31 and a 52-week high of $221.94.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. During the same period last year, the business earned $2.05 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Research analysts predict that Quaker Chemical will post 7.78 EPS for the current year.

Analysts Set New Price Targets

KWR has been the topic of a number of research reports. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Royal Bank of Canada cut their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 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.