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

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Wednesday, April 16th will be given a dividend of 0.485 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.35%.

Quaker Chemical has increased its dividend payment by an average of 5.1% per year over the last three years and has increased its dividend every year for the last 17 years. Quaker Chemical has a payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Quaker Chemical to earn $8.42 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 23.0%.

Quaker Chemical Stock Performance

NYSE:KWR opened at $143.45 on Thursday. The firm has a market capitalization of $2.55 billion, a PE ratio of 21.03, a PEG ratio of 1.60 and a beta of 1.39. Quaker Chemical has a 1 year low of $124.66 and a 1 year high of $207.83. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $138.98 and its 200 day simple moving average is $154.38.

Insider Buying and Selling

In other Quaker Chemical news, SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at approximately $474,035. The trade was a 37.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the transaction, the executive vice president now directly owns 4,747 shares in the company, valued at $787,907.06. This trade represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KWR shares. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Royal Bank of Canada cut their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Piper Sandler reissued a “neutral” rating and set a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

About Quaker Chemical

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.