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

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, May 14th, RTT News reports. Investors of record on Thursday, July 17th will be paid a dividend of 0.485 per share by the specialty chemicals company on Thursday, July 31st. This represents a $1.94 annualized dividend and a yield of 1.79%.

Quaker Chemical has raised its dividend by an average of 5.1% per year over the last three years and has raised its dividend annually for the last 17 consecutive years. Quaker Chemical has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Quaker Chemical to earn $8.42 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 23.0%.

Quaker Chemical Stock Down 1.3%

KWR opened at $108.25 on Thursday. The company has a market capitalization of $1.91 billion, a P/E ratio of 15.87, a P/E/G ratio of 1.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm’s fifty day moving average price is $113.26 and its two-hundred day moving average price is $135.31. Quaker Chemical has a fifty-two week low of $95.91 and a fifty-two week high of $197.03.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.06. The company had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $2.09 EPS. On average, analysts anticipate that Quaker Chemical will post 7.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KWR. Royal Bank of Canada decreased their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler lowered their price target on Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd.

About Quaker Chemical

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.