Quaker Chemical Corp (NYSE:KWR) Declares Quarterly Dividend of $0.39

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Quaker Chemical Corp (NYSE:KWR) announced a quarterly dividend on Tuesday, November 19th, RTT News reports. Shareholders of record on Friday, January 17th will be given a dividend of 0.385 per share by the specialty chemicals company on Friday, January 31st. This represents a $1.54 annualized dividend and a yield of 1.07%.

Quaker Chemical stock opened at $144.19 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.59 and a debt-to-equity ratio of 0.71. Quaker Chemical has a 12 month low of $142.01 and a 12 month high of $224.30. The stock’s 50 day simple moving average is $154.54 and its two-hundred day simple moving average is $174.85. The firm has a market cap of $2.64 billion, a PE ratio of 23.87, a P/E/G ratio of 1.91 and a beta of 1.49.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Tuesday, November 12th. The specialty chemicals company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. Quaker Chemical had a return on equity of 13.39% and a net margin of 2.54%. The business had revenue of $325.10 million for the quarter, compared to analyst estimates of $324.93 million. During the same quarter in the prior year, the firm posted $1.60 EPS. The business’s quarterly revenue was up 46.4% compared to the same quarter last year. On average, equities research analysts forecast that Quaker Chemical will post 5.79 EPS for the current year.

In other news, CEO Michael F. Barry sold 3,834 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $159.02, for a total transaction of $609,682.68. Following the transaction, the chief executive officer now owns 156,301 shares in the company, valued at approximately $24,854,985.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.90% of the company’s stock.

A number of research analysts have recently issued reports on the company. Sidoti decreased their target price on Quaker Chemical from $176.00 to $156.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. ValuEngine lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Financial Group set a $153.00 target price on Quaker Chemical and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $204.00 target price on shares of Quaker Chemical in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $172.00.

Quaker Chemical Company Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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Dividend History for Quaker Chemical (NYSE:KWR)

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