Koppers Holdings Inc. to Issue Quarterly Dividend of $0.07 (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.07 per share by the specialty chemicals company on Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, November 29th.

Koppers has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Koppers to earn $4.29 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 6.5%.

Koppers Price Performance

Koppers stock opened at $38.46 on Thursday. The company has a market capitalization of $779.58 million, a PE ratio of 10.93 and a beta of 1.84. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The stock has a 50-day moving average price of $36.61 and a two-hundred day moving average price of $38.16. Koppers has a 12 month low of $33.80 and a 12 month high of $58.23.

Koppers (NYSE:KOP) last posted its earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. The firm had revenue of $554.30 million for the quarter, compared to analyst estimates of $571.80 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. Analysts expect that Koppers will post 4.24 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on KOP shares. Barrington Research reaffirmed an “outperform” rating and set a $64.00 target price on shares of Koppers in a report on Tuesday, November 12th. StockNews.com raised shares of Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research report on Friday, September 20th.

Insider Activity

In related news, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $37.92, for a total transaction of $189,600.00. Following the transaction, the chief executive officer now owns 315,129 shares in the company, valued at $11,949,691.68. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen R. Tritch sold 3,533 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total transaction of $131,003.64. Following the completion of the sale, the director now owns 47,737 shares of the company’s stock, valued at $1,770,087.96. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,533 shares of company stock valued at $544,164 in the last ninety days. 6.55% of the stock is owned by company insiders.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.