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

Quaker Chemical Co. (NYSE:KWR) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Wednesday, April 16th will be given a dividend of 0.485 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $1.94 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Wednesday, April 16th.

Quaker Chemical has raised its dividend payment by an average of 5.1% per year over the last three years and has increased its dividend every year for the last 17 years. Quaker Chemical has a dividend payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.8 %

Quaker Chemical stock opened at $145.70 on Friday. Quaker Chemical has a one year low of $124.66 and a one year high of $207.83. The company’s fifty day moving average price is $138.84 and its two-hundred day moving average price is $154.32. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.60 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KWR shares. Royal Bank of Canada cut their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th. Piper Sandler reiterated a “neutral” rating and issued a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

Insider Activity

In other news, SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

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.