Quaker Chemical Co. (NYSE:KWR) Plans Quarterly Dividend of $0.49

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Wednesday, April 16th will be paid a dividend of 0.485 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $1.94 annualized dividend and a dividend yield of 1.35%.

Quaker Chemical has increased its dividend payment by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Quaker Chemical has a payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Chemical to earn $8.42 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 23.0%.

Quaker Chemical Price Performance

Shares of KWR stock traded up $0.10 during mid-day trading on Wednesday, hitting $143.45. 122,653 shares of the stock traded hands, compared to its average volume of 149,764. Quaker Chemical has a twelve month low of $124.66 and a twelve month high of $207.83. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. The company’s 50-day simple moving average is $139.18 and its 200-day simple moving average is $154.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KWR shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Royal Bank of Canada reduced their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler reissued a “neutral” rating and set a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th.

Insider Transactions at Quaker Chemical

In other news, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the sale, the executive vice president now owns 4,747 shares of the company’s stock, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Quaker Chemical Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It 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, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.