Koppers Holdings Inc. (KOP) To Go Ex-Dividend on March 7th

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.08 per share by the specialty chemicals company on Monday, March 24th. This represents a $0.32 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Koppers’s previous quarterly dividend of $0.07.

Koppers has a dividend payout ratio of 6.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Koppers to earn $4.31 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 Stock Performance

Shares of KOP opened at $30.17 on Friday. Koppers has a one year low of $28.57 and a one year high of $58.23. The company has a 50-day moving average of $31.50 and a two-hundred day moving average of $35.12. The stock has a market cap of $611.57 million, a price-to-earnings ratio of 8.57 and a beta of 1.83. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13.

Insider Buying and Selling

In related news, Director Stephen R. Tritch sold 3,533 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total transaction of $131,003.64. Following the completion of the sale, the director now directly owns 47,737 shares in the company, valued at approximately $1,770,087.96. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO M Leroy Ball sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total transaction of $223,560.00. Following the sale, the chief executive officer now owns 314,325 shares of the company’s stock, valued at approximately $11,711,749.50. This represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on KOP. Barrington Research reiterated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a report on Tuesday, November 12th. StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

About Koppers

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.