Koppers Holdings Inc. (NYSE:KOP) Announces Quarterly Dividend of $0.08

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.08 per share by the specialty chemicals company on Monday, March 24th. This represents a $0.32 annualized dividend and a yield of 1.06%. This is a boost from Koppers’s previous quarterly dividend of $0.07.

Koppers has a payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Koppers to earn $4.31 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 6.5%.

Koppers Stock Down 1.5 %

Shares of KOP traded down $0.46 during mid-day trading on Wednesday, hitting $30.21. The company’s stock had a trading volume of 8,982 shares, compared to its average volume of 103,051. The firm has a market capitalization of $612.26 million, a price-to-earnings ratio of 8.59 and a beta of 1.83. The company’s 50-day moving average is $31.77 and its 200-day moving average is $35.20. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. Koppers has a 52-week low of $28.57 and a 52-week high of $58.23.

Insider Buying and Selling

In other Koppers news, CEO M Leroy Ball sold 6,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $37.26, for a total transaction of $223,560.00. Following the transaction, the chief executive officer now directly owns 314,325 shares of the company’s stock, valued at $11,711,749.50. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen R. Tritch sold 3,533 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total transaction of $131,003.64. Following the sale, the director now directly owns 47,737 shares of the company’s stock, valued at $1,770,087.96. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. 6.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KOP has been the subject of several recent research reports. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Barrington Research reiterated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research note on Tuesday, November 12th.

About Koppers

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.