Quaker Chemical Co. (KWR) to Issue Quarterly Dividend of $0.49 on January 31st

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, November 20th,RTT News reports. Investors of record on Friday, January 17th will be given a dividend of 0.485 per share by the specialty chemicals company on Friday, January 31st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, January 17th.

Quaker Chemical has raised its dividend by an average of 5.0% per year over the last three years and has increased its dividend every year for the last 17 years. Quaker Chemical has a dividend payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Chemical to earn $8.85 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 21.9%.

Quaker Chemical Trading Up 2.2 %

NYSE:KWR opened at $131.95 on Wednesday. Quaker Chemical has a 52 week low of $124.66 and a 52 week high of $207.83. The firm has a 50-day moving average price of $151.58 and a two-hundred day moving average price of $161.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. During the same period in the previous year, the business posted $2.05 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts expect that Quaker Chemical will post 7.78 earnings per share for the current fiscal year.

Insider Activity at Quaker Chemical

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

Analyst Upgrades and Downgrades

KWR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Piper Sandler reiterated a “neutral” rating and issued a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Royal Bank of Canada reduced their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

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.