Quaker Chemical Co. (NYSE:KWR) Declares $0.46 Quarterly Dividend

Quaker Chemical Co. (NYSE:KWR) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Wednesday, July 17th will be given a dividend of 0.455 per share by the specialty chemicals company on Wednesday, July 31st. This represents a $1.82 annualized dividend and a dividend yield of 0.96%.

Quaker Chemical has raised its dividend by an average of 4.3% annually over the last three years and has increased its dividend every year for the last 16 years. Quaker Chemical has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quaker Chemical to earn $10.20 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 17.8%.

Quaker Chemical Trading Up 1.4 %

NYSE:KWR traded up $2.63 on Wednesday, hitting $189.81. 66,108 shares of the stock were exchanged, compared to its average volume of 80,447. The company’s 50-day moving average price is $196.22 and its 200 day moving average price is $190.74. Quaker Chemical has a 52 week low of $138.67 and a 52 week high of $221.94. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 1.43 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.98 and a current ratio of 2.66.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The company had revenue of $469.76 million for the quarter, compared to analyst estimates of $494.53 million. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. Quaker Chemical’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. On average, equities research analysts forecast that Quaker Chemical will post 8.69 earnings per share for the current year.

Quaker Chemical declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire up to 4.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

KWR has been the topic of several research analyst reports. Royal Bank of Canada increased their price objective on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd.

Quaker Chemical Company Profile

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.