Quaker Chemical Co. (KWR) To Go Ex-Dividend on April 16th

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 1.33%. The ex-dividend date of this dividend is Wednesday, April 16th.

Quaker Chemical has raised its dividend by an average of 5.1% per year over the last three years and has increased its dividend every year for the last 17 years. Quaker Chemical has a payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.8 %

Shares of NYSE:KWR opened at $145.70 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.60 and a beta of 1.39. Quaker Chemical has a 1-year low of $124.66 and a 1-year high of $207.83. The company has a 50 day moving average price of $138.84 and a 200 day moving average price of $154.32.

Analyst Ratings Changes

Several research firms have recently weighed in on KWR. 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. Royal Bank of Canada dropped their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

Insider Activity

In other Quaker Chemical news, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

About Quaker Chemical

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.