Quaker Houghton (NYSE:KWR) Plans Quarterly Dividend of $0.51

Key Points

• Quaker Houghton declared a quarterly dividend of $0.508 per share, payable April 30 to shareholders of record on April 16, which equates to about $2.03 annually and a yield of roughly 1.6%.
• The dividend appears well-covered, with a current payout ratio near 23.4% and a streak of annual increases for the past 17 years; analysts project $8.42 in EPS next year, implying a projected payout ratio of about 24%.

Quaker Houghton (NYSE:KWR - Get Free Report) declared a quarterly dividend on Friday, February 27th. Stockholders of record on Thursday, April 16th will be paid a dividend of 0.508 per share by the specialty chemicals company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, April 16th.

Quaker Houghton has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 17 years. Quaker Houghton has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Quaker Houghton to earn $8.42 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 24.1%.

Quaker Houghton Price Performance

Shares of Quaker Houghton stock opened at $127.41 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.21 billion, a PE ratio of -1,061.67, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The business's 50-day moving average price is $142.28 and its 200-day moving average price is $140.35. Quaker Houghton has a 12 month low of $98.25 and a 12 month high of $183.01.

Quaker Houghton (NYSE:KWR - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The specialty chemicals company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.06). The firm had revenue of $468.48 million for the quarter, compared to the consensus estimate of $465.17 million. Quaker Houghton had a negative net margin of 0.13% and a positive return on equity of 8.99%. Quaker Houghton's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 earnings per share. Sell-side analysts forecast that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.

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