Quaker Houghton (KWR) To Go Ex-Dividend on October 16th

Quaker Houghton (NYSE:KWR) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, October 16th will be given a dividend of $0.53 per share by the specialty chemicals company on Friday, October 30th. This represents a $2.12 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, October 16th. This is a 4.3% increase from Quaker Houghton’s previous quarterly dividend of $0.5080.

Quaker Houghton has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Houghton to earn $9.66 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 21.9%.

Quaker Houghton Trading Up 2.3%

Quaker Houghton stock opened at $160.63 on Wednesday. The stock has a market cap of $2.76 billion, a P/E ratio of 28.63, a PEG ratio of 1.06 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.46 and a quick ratio of 1.70. Quaker Houghton has a 1 year low of $112.18 and a 1 year high of $183.01. The firm’s 50 day moving average price is $161.88 and its 200-day moving average price is $149.96.

Quaker Houghton (NYSE:KWR) last released its earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.66 by $0.53. The firm had revenue of $532.55 million for the quarter, compared to the consensus estimate of $504.63 million. Quaker Houghton had a net margin of 4.94% and a return on equity of 9.55%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 earnings per share. On average, equities analysts predict that Quaker Houghton will post 7.85 earnings per share for the current fiscal year.

About Quaker Houghton

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and services. The company develops, manufactures and supplies chemical formulations used to improve performance, efficiency, safety and product quality in manufacturing and metalworking operations.

Its product portfolio includes metal-removal and metal-forming fluids, hydraulic and specialty fluids, industrial cleaners, coatings, corrosion preventives and fire-resistant fluids. Quaker Houghton also provides fluid-management programs, technical support, equipment and related services designed to help customers manage industrial processes and maintenance requirements.

The company serves customers in industries including steel, aluminum, automotive, aerospace, mining, machinery and other general manufacturing markets.