Koppers Holdings Inc. to Issue Quarterly Dividend of $0.07 (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.07 per share by the specialty chemicals company on Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, November 29th.

Koppers has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Koppers to earn $4.34 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 2.1 %

NYSE:KOP traded down $0.81 on Friday, hitting $37.22. The stock had a trading volume of 179,178 shares, compared to its average volume of 85,355. Koppers has a 1 year low of $33.80 and a 1 year high of $58.23. The firm's fifty day simple moving average is $36.44 and its two-hundred day simple moving average is $39.14. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.12 and a current ratio of 2.53. The stock has a market cap of $763.75 million, a P/E ratio of 10.20 and a beta of 1.84.

Koppers (NYSE:KOP - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.12. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The business had revenue of $554.30 million during the quarter, compared to the consensus estimate of $571.80 million. During the same quarter last year, the company posted $1.32 earnings per share. The firm's quarterly revenue was up .7% compared to the same quarter last year. Analysts predict that Koppers will post 4.05 earnings per share for the current year.

Insider Activity

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $37.72, for a total value of $208,063.52. Following the transaction, the vice president now directly owns 10,300 shares of the company's stock, valued at $388,516. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.55% of the company's stock.

Analyst Upgrades and Downgrades

KOP has been the subject of several analyst reports. Singular Research upgraded Koppers to a "strong-buy" rating in a research note on Friday, September 20th. Barrington Research reissued an "outperform" rating and issued a $64.00 price target on shares of Koppers in a report on Monday, November 4th.

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.