Quaker Chemical Co. (NYSE:KWR) Announces Quarterly Dividend of $0.49

Quaker Chemical Co. (NYSE:KWR - Get Free Report) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Shareholders of record on Wednesday, April 16th will be given 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 yield of 1.37%. The ex-dividend date of this dividend is Wednesday, April 16th.

Quaker Chemical has raised its dividend payment 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 dividend payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 2.6 %

Shares of Quaker Chemical stock traded down $3.76 during midday trading on Friday, reaching $141.64. 153,776 shares of the company's stock traded hands, compared to its average volume of 150,464. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39. Quaker Chemical has a 52 week low of $124.66 and a 52 week high of $207.83. The company's 50 day simple moving average is $138.62 and its 200 day simple moving average is $154.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Analysts Set New Price Targets

A number of brokerages have weighed in on KWR. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Piper Sandler restated a "neutral" rating and issued a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Royal Bank of Canada lowered their price target on Quaker Chemical from $195.00 to $180.00 and set an "outperform" 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 research note on Thursday, November 28th.

Insider Transactions at Quaker Chemical

In related news, SVP David Slinkman sold 1,700 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares of the company's stock, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. 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.