Koppers Holdings Inc. (NYSE:KOP – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Friday, August 28th will be paid a dividend of 0.09 per share by the specialty chemicals company on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 28th.
Koppers has a dividend payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Koppers to earn $4.73 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.6%.
Koppers Trading Up 2.4%
Shares of KOP stock opened at $52.27 on Friday. Koppers has a fifty-two week low of $25.00 and a fifty-two week high of $53.00. The firm has a market capitalization of $1.01 billion, a P/E ratio of 13.76, a PEG ratio of 12.35 and a beta of 1.25. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.11 and a current ratio of 2.71. The stock’s fifty day moving average is $46.25 and its two-hundred day moving average is $40.08.
Wall Street Analyst Weigh In
KOP has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $55.00 price objective on shares of Koppers in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Koppers in a report on Friday, July 24th. Wall Street Zen upgraded Koppers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Finally, Singular Research raised shares of Koppers to a “strong-buy” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Koppers currently has an average rating of “Moderate Buy” and a consensus target price of $52.50.
Check Out Our Latest Stock Analysis on Koppers
About Koppers
Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.
In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.
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