Quaker Houghton (NYSE:KWR) to Issue Dividend Increase – $0.53 Per Share

Quaker Houghton (NYSE:KWR) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Friday, October 16th will be paid 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 dividend 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 increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 17 consecutive years. Quaker Houghton has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of KWR opened at $148.42 on Thursday. The firm has a market capitalization of $2.58 billion, a PE ratio of 530.09, a P/E/G ratio of 1.18 and a beta of 1.40. 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 firm has a 50-day moving average price of $149.11 and a 200 day moving average price of $145.61. Quaker Houghton has a 52-week low of $111.42 and a 52-week high of $183.01.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings data 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 business had revenue of $480.48 million for the quarter, compared to the consensus estimate of $463.70 million. During the same quarter last year, the business posted $1.58 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, sell-side analysts anticipate that Quaker Houghton will post 7.16 earnings per share for the current fiscal year.

Quaker Houghton announced that its board has approved a stock repurchase plan on Wednesday, May 13th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the specialty chemicals company to purchase up to 10.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Quaker Houghton Company Profile

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.