Quaker Chemical Co. (NYSE:KWR) Plans Quarterly Dividend of $0.42

Quaker Chemical Co. (NYSE:KWRGet Rating) declared a quarterly dividend on Wednesday, May 11th, RTT News reports. Stockholders of record on Friday, July 15th will be paid a dividend of 0.415 per share by the specialty chemicals company on Friday, July 29th. This represents a $1.66 annualized dividend and a dividend yield of 1.17%.

Quaker Chemical has increased its dividend payment by an average of 3.4% annually over the last three years and has raised its dividend every year for the last 15 years. Quaker Chemical has a dividend payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Quaker Chemical to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 18.2%.

Shares of Quaker Chemical stock opened at $142.16 on Thursday. The company has a current ratio of 2.14, a quick ratio of 1.52 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.55 billion, a PE ratio of 24.81 and a beta of 1.40. The business’s 50-day moving average price is $170.38 and its 200-day moving average price is $207.26. Quaker Chemical has a 12 month low of $141.19 and a 12 month high of $276.60.

Quaker Chemical (NYSE:KWRGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The specialty chemicals company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.41 by $0.01. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $471.81 million. Quaker Chemical had a return on equity of 7.99% and a net margin of 5.68%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 EPS. As a group, analysts predict that Quaker Chemical will post 7.16 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on KWR shares. StockNews.com started coverage on Quaker Chemical in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut Quaker Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, March 1st. TheStreet cut Quaker Chemical from a “b-” rating to a “c+” rating in a report on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Quaker Chemical from $305.00 to $225.00 in a report on Tuesday, March 1st. Finally, Seaport Res Ptn upgraded Quaker Chemical from a “neutral” rating to a “buy” rating in a report on Tuesday, January 18th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in Quaker Chemical by 2.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 61,103 shares of the specialty chemicals company’s stock worth $14,102,000 after buying an additional 1,235 shares during the period. Morgan Stanley lifted its holdings in Quaker Chemical by 3.2% in the 2nd quarter. Morgan Stanley now owns 56,542 shares of the specialty chemicals company’s stock worth $13,410,000 after buying an additional 1,767 shares during the period. Legal & General Group Plc lifted its holdings in Quaker Chemical by 1.7% in the 4th quarter. Legal & General Group Plc now owns 38,696 shares of the specialty chemicals company’s stock worth $8,930,000 after buying an additional 665 shares during the period. California State Teachers Retirement System lifted its holdings in Quaker Chemical by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 18,652 shares of the specialty chemicals company’s stock worth $4,305,000 after buying an additional 371 shares during the period. Finally, Raymond James & Associates lifted its holdings in Quaker Chemical by 2.5% in the 1st quarter. Raymond James & Associates now owns 24,633 shares of the specialty chemicals company’s stock worth $4,257,000 after buying an additional 607 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Quaker Chemical Company Profile (Get Rating)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

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Dividend History for Quaker Chemical (NYSE:KWR)

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