Quaker Chemical Co. Plans Quarterly Dividend of $0.49 (NYSE:KWR)

Quaker Chemical Co. (NYSE:KWR) announced a quarterly dividend on Wednesday, May 14th, RTT News reports. Stockholders of record on Thursday, July 17th will be paid a dividend of 0.485 per share by the specialty chemicals company on Thursday, July 31st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.79%.

Quaker Chemical has increased its dividend by an average of 5.1% annually over the last three years and has raised its dividend annually for the last 17 consecutive years. Quaker Chemical has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Quaker Chemical to earn $8.42 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 23.0%.

Quaker Chemical Stock Down 1.3%

Shares of NYSE KWR opened at $108.25 on Thursday. Quaker Chemical has a 12-month low of $95.91 and a 12-month high of $197.03. The firm’s 50-day simple moving average is $113.26 and its 200 day simple moving average is $135.31. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.06. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. During the same period in the previous year, the firm posted $2.09 earnings per share. The company’s revenue was down 5.7% on a year-over-year basis. On average, research analysts expect that Quaker Chemical will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KWR shares. Piper Sandler dropped their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their target price on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th.

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.