Quaker Chemical Co. (KWR) To Go Ex-Dividend on January 17th

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, November 20th,RTT News reports. Investors of record on Friday, January 17th will be paid a dividend of 0.485 per share by the specialty chemicals company on Friday, January 31st. This represents a $1.94 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, January 17th.

Quaker Chemical has raised its dividend by an average of 4.3% per year over the last three years and has increased its dividend every year for the last 17 years. Quaker Chemical has a payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Chemical to earn $8.85 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 21.9%.

Quaker Chemical Stock Up 0.9 %

Shares of NYSE KWR opened at $166.45 on Friday. Quaker Chemical has a 12-month low of $151.31 and a 12-month high of $221.94. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.96 billion, a PE ratio of 24.41, a P/E/G ratio of 1.97 and a beta of 1.38. The company’s fifty day simple moving average is $163.89 and its 200 day simple moving average is $170.25.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. During the same period last year, the firm posted $2.05 earnings per share. Quaker Chemical’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Quaker Chemical will post 7.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KWR shares. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. 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 report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler upped their price target on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th.

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.