Quaker Chemical Co. (KWR) to Issue Quarterly Dividend of $0.46 on January 31st

Quaker Chemical Co. (NYSE:KWR) announced a quarterly dividend on Wednesday, November 15th, RTT News reports. Shareholders of record on Wednesday, January 17th will be paid a dividend of 0.455 per share by the specialty chemicals company on Wednesday, January 31st. This represents a $1.82 dividend on an annualized basis and a yield of 1.05%.

Quaker Chemical has increased its dividend payment by an average of 3.6% per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Quaker Chemical has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Chemical to earn $8.88 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 20.5%.

Quaker Chemical Stock Down 1.7 %

Shares of NYSE KWR opened at $172.66 on Friday. The stock has a market cap of $3.11 billion, a PE ratio of 191.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. The company has a quick ratio of 2.03, a current ratio of 2.74 and a debt-to-equity ratio of 0.60. Quaker Chemical has a 52-week low of $138.67 and a 52-week high of $216.45. The business has a 50-day moving average price of $156.79 and a 200 day moving average price of $178.53.

Institutional Trading of Quaker Chemical

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new stake in Quaker Chemical during the 3rd quarter valued at approximately $31,000. Belpointe Asset Management LLC raised its stake in Quaker Chemical by 65.0% during the 1st quarter. Belpointe Asset Management LLC now owns 193 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 76 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Quaker Chemical by 17.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 327 shares of the specialty chemicals company’s stock valued at $64,000 after acquiring an additional 49 shares during the last quarter. State of Wyoming purchased a new stake in Quaker Chemical during the 2nd quarter valued at approximately $93,000. Finally, US Bancorp DE raised its stake in Quaker Chemical by 30.2% during the 1st quarter. US Bancorp DE now owns 754 shares of the specialty chemicals company’s stock valued at $131,000 after acquiring an additional 175 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KWR has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Quaker Chemical in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $232.00 target price on shares of Quaker Chemical in a research report on Thursday, September 28th.

Quaker Chemical Company Profile

Quaker Chemical Corporation, doing business as Quaker Houghton, develops, produces, and markets various formulated chemical specialty 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, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.