Koppers Holdings Inc. (KOP) to Issue Quarterly Dividend of $0.09 on March 23rd

Koppers Holdings Inc. (NYSE:KOP) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, March 6th will be given a dividend of 0.09 per share by the specialty chemicals company on Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 6th. This is a 12.5% increase from Koppers’s previous quarterly dividend of $0.08.

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 $0.32 annual dividend with an expected future payout ratio of 7.4%.

Koppers Stock Performance

KOP stock opened at $34.17 on Friday. Koppers has a twelve month low of $22.99 and a twelve month high of $35.61. The company has a quick ratio of 1.09, a current ratio of 2.63 and a debt-to-equity ratio of 1.68. The company has a market cap of $670.07 million, a P/E ratio of 42.71 and a beta of 1.40. The business’s fifty day moving average is $28.94 and its 200-day moving average is $28.91.

About Koppers

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.