Koppers Holdings Inc. (NYSE:KOP) Plans $0.07 Quarterly Dividend

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Thursday, August 8th, NASDAQ reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.07 per share by the specialty chemicals company on Monday, September 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, August 30th.

Koppers has a dividend payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Koppers to earn $5.04 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 5.6%.

Koppers Price Performance

NYSE KOP traded up $0.25 during mid-day trading on Thursday, hitting $35.56. The stock had a trading volume of 390,059 shares, compared to its average volume of 147,911. Koppers has a twelve month low of $33.80 and a twelve month high of $58.23. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.29 and a quick ratio of 1.00. The firm’s 50 day moving average is $38.77 and its 200 day moving average is $46.81. The stock has a market capitalization of $753.87 million, a price-to-earnings ratio of 10.03 and a beta of 1.85.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research note on Monday.

Insider Activity at Koppers

In other news, CEO M Leroy Ball sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $42.36, for a total value of $105,900.00. Following the completion of the sale, the chief executive officer now owns 321,008 shares of the company’s stock, valued at approximately $13,597,898.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 7,500 shares of company stock valued at $319,850. 6.55% of the stock is owned by company insiders.

Koppers Company Profile

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.