Quaker Chemical Corp. (KWR) Announces Quarterly Dividend of $0.25
Quaker Chemical Corp. (NYSE:KWR) announced a quarterly dividend on Wednesday, September 25th, American Banking & Market News reports. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.25 per share on Thursday, October 31st. This represents a $1.00 annualized dividend and a dividend yield of 1.40%.
A number of research firms have recently commented on KWR. Analysts at Sidoti downgraded shares of Quaker Chemical Corp. (NYSE:KWR) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 15th. Analysts at Jefferies Group raised their price target on shares of Quaker Chemical Corp. (NYSE:KWR) from $71.00 to $76.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock.
Quaker Chemical Corp. (NYSE:KWR) traded up 1.07% during mid-day trading on Wednesday, hitting $72.08. The stock had a trading volume of 45,527 shares. Quaker Chemical Corp. has a 52 week low of $45.07 and a 52 week high of $72.51. The stock’s 50-day moving average is $68.50 and its 200-day moving average is $64.17. The company has a market cap of $949.1 million and a price-to-earnings ratio of 17.46.
Quaker Chemical Corp. (NYSE:KWR) last announced its earnings results on Monday, July 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.30. The company had revenue of $184.85 million for the quarter, compared to the consensus estimate of $181.20 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Quaker Chemical Corp. will post $3.78 earnings per share for the current fiscal year.
Quaker Chemical Corporation (NYSE:KWR) develops, produces and markets a range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services (CMS).
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