Quaker Houghton (NYSE:KWR) Declares $0.51 Quarterly Dividend

Quaker Houghton (NYSE:KWR) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.508 per share by the specialty chemicals company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, July 17th.

Quaker Houghton has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 17 years. Quaker Houghton has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Quaker Houghton to earn $9.25 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 21.9%.

Quaker Houghton Price Performance

NYSE KWR opened at $141.91 on Thursday. The business’s fifty day moving average price is $130.67 and its 200-day moving average price is $141.39. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 506.83, a PEG ratio of 0.94 and a beta of 1.42. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.45 and a quick ratio of 1.72. Quaker Houghton has a 1-year low of $103.36 and a 1-year high of $183.01.

Quaker Houghton (NYSE:KWR) last released its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.03). The firm had revenue of $480.48 million during the quarter, compared to analysts’ expectations of $463.70 million. Quaker Houghton had a return on equity of 9.03% and a net margin of 0.22%.The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned $1.58 earnings per share. On average, equities analysts predict that Quaker Houghton will post 7.43 earnings per share for the current year.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.