Koppers Holdings Inc. (NYSE:KOP) Plans $0.08 Quarterly Dividend

Key Points

• Koppers Holdings Inc. declared a $0.08 quarterly dividend, with an annualized yield of 1.0%, payable on September 15th to shareholders of record on August 29th.
• The company reported $0.71 earnings per share for the last quarter, exceeding estimates, while revenues declined 8.3% year-over-year, totaling $456.50 million.
• Koppers' stock showed positive movement, trading up 2.3% to $33.19, alongside strong institutional interest with hedge funds owning 92.75% of its stock.

Koppers Holdings Inc. (NYSE:KOP - Get Free Report) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.08 per share by the specialty chemicals company on Monday, September 15th. This represents a c) annualized dividend and a yield of 1.0%.

Koppers has a payout ratio of 6.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Koppers to earn $4.31 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 7.4%.

Koppers Trading Up 2.3%

KOP stock traded up $0.75 during mid-day trading on Thursday, reaching $33.19. The company had a trading volume of 96,563 shares, compared to its average volume of 149,727. Koppers has a 12 month low of $22.99 and a 12 month high of $40.07. The firm has a 50 day moving average of $32.62 and a 200 day moving average of $29.93. The company has a market capitalization of $664.03 million, a PE ratio of 28.61 and a beta of 1.40. The company has a debt-to-equity ratio of 1.96, a current ratio of 2.64 and a quick ratio of 1.10.

Koppers (NYSE:KOP - Get Free Report) last released its earnings results on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.15. The company had revenue of $456.50 million for the quarter, compared to the consensus estimate of $488.00 million. Koppers had a net margin of 1.24% and a return on equity of 17.41%. Koppers's revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, equities analysts predict that Koppers will post 4.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in Koppers by 14.7% in the 4th quarter. American Century Companies Inc. now owns 50,012 shares of the specialty chemicals company's stock valued at $1,620,000 after acquiring an additional 6,409 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Koppers during the fourth quarter worth approximately $136,000. JPMorgan Chase & Co. grew its stake in Koppers by 112.7% during the fourth quarter. JPMorgan Chase & Co. now owns 141,582 shares of the specialty chemicals company's stock worth $4,587,000 after buying an additional 75,022 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of Koppers by 34.8% during the 4th quarter. Trexquant Investment LP now owns 60,948 shares of the specialty chemicals company's stock valued at $1,975,000 after acquiring an additional 15,744 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Koppers by 16.8% during the fourth quarter. Federated Hermes Inc. now owns 83,402 shares of the specialty chemicals company's stock valued at $2,702,000 after acquiring an additional 11,980 shares during the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.

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.

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