Quaker Houghton (KWR) to Issue Quarterly Dividend of $0.51 on July 31st

Quaker Houghton (NYSE:KWR) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Friday, July 17th will be given a dividend of 0.508 per share by the specialty chemicals company on Friday, July 31st. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, July 17th.

Quaker Houghton has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 17 years. Quaker Houghton has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quaker Houghton to earn $9.25 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 21.9%.

Quaker Houghton Stock Performance

NYSE KWR opened at $142.74 on Friday. Quaker Houghton has a 1 year low of $103.36 and a 1 year high of $183.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.45 and a quick ratio of 1.72. The stock has a market capitalization of $2.48 billion, a PE ratio of 509.79, a P/E/G ratio of 0.96 and a beta of 1.42. The company’s 50 day simple moving average is $130.69 and its two-hundred day simple moving average is $141.45.

Quaker Houghton (NYSE:KWR) last posted its earnings results on Thursday, April 30th. The specialty chemicals company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.03). The firm had revenue of $480.48 million during the quarter, compared to analysts’ expectations of $463.70 million. Quaker Houghton had a return on equity of 9.03% and a net margin of 0.22%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. Analysts predict that Quaker Houghton will post 7.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quaker Houghton

A number of hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Quaker Houghton by 14.4% in the fourth quarter. Wellington Management Group LLP now owns 756,988 shares of the specialty chemicals company’s stock valued at $103,942,000 after acquiring an additional 95,100 shares during the period. Royce & Associates LP increased its position in shares of Quaker Houghton by 19.2% in the fourth quarter. Royce & Associates LP now owns 755,740 shares of the specialty chemicals company’s stock valued at $103,771,000 after acquiring an additional 121,854 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Quaker Houghton by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 750,789 shares of the specialty chemicals company’s stock valued at $93,271,000 after acquiring an additional 38,261 shares during the period. State Street Corp increased its position in shares of Quaker Houghton by 9.2% in the second quarter. State Street Corp now owns 596,618 shares of the specialty chemicals company’s stock valued at $66,785,000 after acquiring an additional 50,264 shares during the period. Finally, William Blair Investment Management LLC increased its position in shares of Quaker Houghton by 33.6% in the fourth quarter. William Blair Investment Management LLC now owns 469,981 shares of the specialty chemicals company’s stock valued at $64,533,000 after acquiring an additional 118,321 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

About Quaker Houghton

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.