Quaker Chemical Co. (NYSE:KWR) Announces $0.40 Quarterly Dividend

Quaker Chemical Co. (NYSE:KWR) announced a quarterly dividend on Wednesday, May 12th, RTT News reports. Investors of record on Friday, July 16th will be given a dividend of 0.395 per share by the specialty chemicals company on Friday, July 30th. This represents a $1.58 annualized dividend and a yield of 0.69%.

Quaker Chemical has raised its dividend payment by 10.7% over the last three years and has raised its dividend every year for the last 11 years.

Quaker Chemical stock traded down $10.85 during trading on Wednesday, hitting $229.60. The company had a trading volume of 1,648 shares, compared to its average volume of 81,584. Quaker Chemical has a 1-year low of $142.00 and a 1-year high of $301.99. The company has a current ratio of 2.13, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company’s 50 day simple moving average is $241.18 and its 200-day simple moving average is $251.95. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 649.07 and a beta of 1.52.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, May 6th. The specialty chemicals company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.65. Quaker Chemical had a net margin of 0.45% and a return on equity of 6.63%. The company had revenue of $429.80 million during the quarter, compared to analysts’ expectations of $381.67 million. During the same quarter last year, the company posted $1.38 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. As a group, analysts forecast that Quaker Chemical will post 4.65 earnings per share for the current fiscal year.

In related news, SVP David Slinkman sold 1,565 shares of the business’s stock in a transaction on Friday, March 5th. The shares were sold at an average price of $262.09, for a total value of $410,170.85. Following the completion of the sale, the senior vice president now directly owns 5,667 shares of the company’s stock, valued at $1,485,264.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mary Dean Hall sold 2,490 shares of the business’s stock in a transaction on Thursday, March 4th. The shares were sold at an average price of $261.70, for a total transaction of $651,633.00. Following the completion of the sale, the chief financial officer now directly owns 6,005 shares of the company’s stock, valued at $1,571,508.50. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

KWR has been the subject of several recent research reports. Zacks Investment Research cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, February 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Quaker Chemical from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, March 29th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $253.00.

About Quaker Chemical

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. It operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. The company 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, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.

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Dividend History for Quaker Chemical (NYSE:KWR)

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