Quaker Chemical Corp (NYSE:KWR) announced a quarterly dividend on Wednesday, September 16th, RTT News reports. Investors of record on Friday, October 16th will be given a dividend of 0.395 per share by the specialty chemicals company on Friday, October 30th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.39.
Quaker Chemical has increased its dividend by 13.5% over the last three years and has raised its dividend annually for the last 10 consecutive years.
Shares of Quaker Chemical stock traded down $2.76 on Wednesday, hitting $187.13. The company’s stock had a trading volume of 93,200 shares, compared to its average volume of 126,660. Quaker Chemical has a 52-week low of $108.14 and a 52-week high of $208.26. The company has a market capitalization of $3.38 billion, a P/E ratio of -96.01 and a beta of 1.40. The company has a quick ratio of 2.39, a current ratio of 3.00 and a debt-to-equity ratio of 0.92. The firm has a fifty day moving average price of $195.44 and a 200-day moving average price of $169.21.
Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09. The business had revenue of $286.04 million for the quarter, compared to analysts’ expectations of $291.60 million. Quaker Chemical had a positive return on equity of 6.45% and a negative net margin of 2.46%. During the same quarter last year, the firm earned $1.56 earnings per share. As a group, analysts expect that Quaker Chemical will post 3.77 earnings per share for the current year.
In other news, SVP L Wilbert Platzer sold 5,554 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $196.48, for a total value of $1,091,249.92. Following the completion of the transaction, the senior vice president now directly owns 3,991 shares in the company, valued at $784,151.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph A. Berquist sold 3,848 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $202.02, for a total transaction of $777,372.96. Following the sale, the senior vice president now directly owns 14,703 shares of the company’s stock, valued at $2,970,300.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,221 shares of company stock valued at $4,817,484. 2.10% of the stock is owned by company insiders.
Separately, Zacks Investment Research raised shares of Quaker Chemical from a “sell” rating to a “hold” rating in a research note on Thursday, August 13th. Five research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $159.75.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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