Quaker Houghton (NYSE:KWR) to Issue $0.51 Quarterly Dividend

Quaker Houghton (NYSE:KWRGet Free Report) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.508 per share by the specialty chemicals company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 17th.

Quaker Houghton has raised its dividend 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 dividend payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quaker Houghton to earn $9.25 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 21.9%.

Quaker Houghton Price Performance

NYSE:KWR opened at $141.91 on Thursday. The business’s 50-day moving average is $130.67 and its 200 day moving average is $141.39. Quaker Houghton has a 12 month low of $103.36 and a 12 month high of $183.01. The company has a market capitalization of $2.46 billion, a P/E ratio of 506.83, a P/E/G ratio of 0.94 and a beta of 1.42. The company has a current ratio of 2.45, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61.

Quaker Houghton (NYSE:KWRGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.03). Quaker Houghton had a net margin of 0.22% and a return on equity of 9.03%. The firm had revenue of $480.48 million for the quarter, compared to analysts’ expectations of $463.70 million. During the same quarter in the prior year, the business earned $1.58 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Quaker Houghton will post 7.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quaker Houghton

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in Quaker Houghton by 14.4% during the 4th quarter. Wellington Management Group LLP now owns 756,988 shares of the specialty chemicals company’s stock valued at $103,942,000 after buying an additional 95,100 shares during the period. Royce & Associates LP boosted its stake in Quaker Houghton by 19.2% during the fourth quarter. Royce & Associates LP now owns 755,740 shares of the specialty chemicals company’s stock worth $103,771,000 after buying an additional 121,854 shares during the period. Dimensional Fund Advisors LP boosted its stake in Quaker Houghton by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 750,789 shares of the specialty chemicals company’s stock worth $93,271,000 after buying an additional 38,261 shares during the period. State Street Corp increased its position in Quaker Houghton by 9.2% during the second quarter. State Street Corp now owns 596,618 shares of the specialty chemicals company’s stock valued at $66,785,000 after acquiring an additional 50,264 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in Quaker Houghton by 33.6% during the fourth quarter. William Blair Investment Management LLC now owns 469,981 shares of the specialty chemicals company’s stock valued at $64,533,000 after acquiring an additional 118,321 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.

About Quaker Houghton

(Get Free Report)

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.

See Also

Dividend History for Quaker Houghton (NYSE:KWR)

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