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

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Shareholders of record on Wednesday, July 17th will be given a dividend of 0.455 per share by the specialty chemicals company on Wednesday, July 31st. This represents a $1.82 annualized dividend and a dividend yield of 0.96%.

Quaker Chemical has increased its dividend payment by an average of 4.3% annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Quaker Chemical has a payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quaker Chemical to earn $10.20 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 17.8%.

Quaker Chemical Stock Performance

NYSE:KWR opened at $189.51 on Friday. The company has a fifty day simple moving average of $195.86 and a two-hundred day simple moving average of $190.73. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.48. The company has a quick ratio of 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Quaker Chemical has a 52 week low of $138.67 and a 52 week high of $221.94.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.97 by $0.12. The business had revenue of $469.76 million during the quarter, compared to the consensus estimate of $494.53 million. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 earnings per share. As a group, equities analysts anticipate that Quaker Chemical will post 8.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KWR shares. Royal Bank of Canada lifted their price objective on shares of Quaker Chemical from $200.00 to $223.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd.

Quaker Chemical announced that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the specialty chemicals company to repurchase up to 4.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.