Koppers Holdings Inc. (NYSE:KOP) Declares Quarterly Dividend of $0.07

Koppers Holdings Inc. (NYSE:KOP) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.07 per share by the specialty chemicals company on Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 29th.

Koppers has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Koppers to earn $4.34 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 6.5%.

Koppers Stock Performance

KOP stock traded down $0.81 during trading on Friday, reaching $37.22. The stock had a trading volume of 179,169 shares, compared to its average volume of 145,713. The stock’s 50 day moving average is $36.49 and its two-hundred day moving average is $39.35. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92. Koppers has a 52 week low of $33.80 and a 52 week high of $58.23. The firm has a market cap of $763.75 million, a PE ratio of 10.42 and a beta of 1.84.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.27 by $0.09. The firm had revenue of $563.20 million for the quarter, compared to the consensus estimate of $589.17 million. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. As a group, equities analysts anticipate that Koppers will post 4.05 earnings per share for the current year.

Insider Buying and Selling

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $37.72, for a total transaction of $208,063.52. Following the sale, the vice president now owns 10,300 shares of the company’s stock, valued at approximately $388,516. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KOP. Barrington Research reiterated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a report on Monday. Singular Research raised Koppers to a “strong-buy” rating in a research note on Friday, September 20th.

About Koppers

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.