Quaker Chemical Co. Plans Quarterly Dividend of $0.49 (NYSE:KWR)

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, November 20th,RTT News reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.485 per share by the specialty chemicals company on Friday, January 31st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.18%.

Quaker Chemical has increased its dividend by an average of 4.3% annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Quaker Chemical has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Quaker Chemical to earn $8.85 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 21.9%.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock traded up $1.52 during trading on Wednesday, reaching $164.93. The company’s stock had a trading volume of 50,572 shares, compared to its average volume of 95,181. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.93 billion, a PE ratio of 23.98, a P/E/G ratio of 2.02 and a beta of 1.38. The company has a 50-day moving average price of $163.68 and a two-hundred day moving average price of $170.31. Quaker Chemical has a fifty-two week low of $151.31 and a fifty-two week high of $221.94.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. Quaker Chemical’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. On average, analysts forecast that Quaker Chemical will post 7.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Piper Sandler raised their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Quaker Chemical Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.