Quaker Houghton (NYSE:KWR) Raises Dividend to $0.53 Per Share

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 c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 16th. This is a 4.3% increase from Quaker Houghton’s previous quarterly dividend of $0.51.

Quaker Houghton has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 17 years. Quaker Houghton has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Quaker Houghton to earn $8.99 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 22.6%.

Quaker Houghton Trading Down 3.6%

Shares of Quaker Houghton stock opened at $148.42 on Thursday. Quaker Houghton has a twelve month low of $111.42 and a twelve month high of $183.01. The company has a quick ratio of 1.72, a current ratio of 2.45 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $149.11 and a 200-day moving average price of $145.61. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 530.09, a PEG ratio of 1.18 and a beta of 1.40.

Quaker Houghton (NYSE:KWR) last posted its earnings results on Thursday, April 30th. The specialty chemicals company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.03). Quaker Houghton had a return on equity of 9.03% and a net margin of 0.22%.The firm had revenue of $480.48 million during the quarter, compared to analysts’ expectations of $463.70 million. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Quaker Houghton’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts anticipate that Quaker Houghton will post 7.16 EPS for the current fiscal year.

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.