Koppers Holdings Inc. (NYSE:KOP) Announces Quarterly Dividend of $0.08

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, November 28th will be given a dividend of 0.08 per share by the specialty chemicals company on Tuesday, December 16th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th.

Koppers has a dividend payout ratio of 6.1% indicating that 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 $0.32 annual dividend with an expected future payout ratio of 7.4%.

Koppers Trading Down 5.9%

Shares of NYSE KOP traded down $1.65 during trading on Friday, reaching $26.19. The stock had a trading volume of 22,679 shares, compared to its average volume of 155,995. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 2.60. The company has a market cap of $516.44 million, a P/E ratio of 36.38 and a beta of 1.45. Koppers has a fifty-two week low of $22.99 and a fifty-two week high of $39.83. The business’s 50-day moving average price is $28.07 and its 200-day moving average price is $29.81.

Koppers (NYSE:KOP) last posted its earnings results on Friday, November 7th. The specialty chemicals company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.04). The firm had revenue of $485.30 million for the quarter, compared to analyst estimates of $516.50 million. Koppers had a return on equity of 17.43% and a net margin of 0.76%.Koppers’s revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. On average, equities research analysts predict that Koppers will post 4.24 EPS for the current fiscal year.

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.