Koppers Holdings Inc. (NYSE:KOP – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be given a dividend of 0.09 per share by the specialty chemicals company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, May 29th.
Koppers has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Koppers to earn $4.79 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.5%.
Koppers Stock Up 2.6%
KOP stock opened at $41.42 on Wednesday. Koppers has a twelve month low of $25.00 and a twelve month high of $46.40. The company has a market cap of $796.51 million, a PE ratio of 10.90, a price-to-earnings-growth ratio of 9.92 and a beta of 1.28. The business’s 50-day simple moving average is $39.04 and its 200 day simple moving average is $33.53. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.67.
Koppers Company Profile
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.
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