Quaker Houghton (KWR) To Go Ex-Dividend on October 16th

Quaker Houghton (NYSE:KWR) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, October 16th will be given a dividend of 0.53 per share by the specialty chemicals company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 16th. This is a 4.3% increase from Quaker Houghton’s previous quarterly dividend of $0.51.

Quaker Houghton has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 17 years. Quaker Houghton has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Houghton to earn $8.99 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 22.6%.

Quaker Houghton Trading Up 3.8%

NYSE KWR opened at $154.44 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.45 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $149.41 and its two-hundred day simple moving average is $145.63. Quaker Houghton has a twelve month low of $111.42 and a twelve month high of $183.01. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 551.58, a PEG ratio of 1.14 and a beta of 1.40.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings data on Thursday, July 30th. The specialty chemicals company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.66 by $0.53. The firm had revenue of $532.55 million for the quarter, compared to analyst estimates of $504.63 million. Quaker Houghton had a return on equity of 9.03% and a net margin of 0.22%.The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 EPS. Research analysts forecast that Quaker Houghton will post 7.16 EPS for the current fiscal year.

Quaker Houghton announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 13th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the specialty chemicals company to buy up to 10.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

About Quaker Houghton

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.