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

Koppers Holdings Inc. (NYSE:KOP - Get Free Report) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Friday, March 7th will be given a dividend of 0.08 per share by the specialty chemicals company on Monday, March 24th. This represents a $0.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, March 7th. This is an increase from Koppers's previous quarterly dividend of $0.07.

Koppers has a dividend payout ratio of 7.0% meaning 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 $0.32 annual dividend with an expected future payout ratio of 7.4%.

Koppers Trading Down 0.2 %

NYSE:KOP traded down $0.05 on Friday, hitting $30.09. The stock had a trading volume of 76,987 shares, compared to its average volume of 93,543. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The stock has a market cap of $609.90 million, a price-to-earnings ratio of 8.55 and a beta of 1.83. The company has a fifty day moving average price of $31.38 and a two-hundred day moving average price of $35.02. Koppers has a 1-year low of $28.57 and a 1-year high of $58.23.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research firms have weighed in on KOP. StockNews.com upgraded shares of Koppers from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Barrington Research restated an "outperform" rating and set a $64.00 target price on shares of Koppers in a report on Tuesday, November 12th.

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.