Koppers Holdings Inc. (NYSE:KOP) Stock to Pay Quarterly Dividend of $0.09

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.09 per share by the specialty chemicals company on Monday, December 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 27th.

Koppers has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Koppers to earn $4.87 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.4%.

Koppers Trading Up 2.5%

Shares of KOP opened at $42.85 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.01 and a current ratio of 2.33. Koppers has a 52-week low of $25.00 and a 52-week high of $53.00. The firm has a market cap of $810.30 million, a price-to-earnings ratio of -9.08 and a beta of 1.23. The business’s fifty day moving average is $44.59 and its 200-day moving average is $41.62.

Koppers (NYSE:KOP) last announced its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.25. The business had revenue of $520.10 million during the quarter, compared to the consensus estimate of $506.10 million. Koppers had a positive return on equity of 14.98% and a negative net margin of 4.59%. Koppers’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. Equities analysts anticipate that Koppers will post 4.07 EPS for the current fiscal year.

About Koppers

Koppers Holdings Inc (NYSE:KOP) is a global provider of treated wood products, carbon compounds and performance chemicals. The company serves infrastructure, industrial and utility markets with products designed to preserve, protect and extend the service life of wood and other materials.

Koppers operates through two primary business areas: Railroad and Utility Products and Services, and Performance Chemicals. Its offerings include treated railroad crossties, utility poles, pilings and other wood products, as well as wood preservatives and related treatment services.