Quaker Chemical Corp (NYSE:KWR) announced a quarterly dividend on Wednesday, September 19th, RTT News reports. Shareholders of record on Wednesday, October 17th will be given a dividend of 0.37 per share by the specialty chemicals company on Wednesday, October 31st. This represents a $1.48 annualized dividend and a yield of 0.76%.

Quaker Chemical has raised its dividend by an average of 8.4% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Quaker Chemical has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Chemical to earn $6.71 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 22.1%.

NYSE:KWR opened at $195.53 on Thursday. Quaker Chemical has a 52-week low of $137.95 and a 52-week high of $197.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.78 and a quick ratio of 2.15. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 2.99 and a beta of 1.35.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Monday, July 30th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.13. Quaker Chemical had a return on equity of 17.27% and a net margin of 3.89%. The business had revenue of $221.96 million during the quarter, compared to analyst estimates of $214.72 million. During the same quarter in the previous year, the company posted $1.24 earnings per share. Quaker Chemical’s revenue for the quarter was up 10.3% on a year-over-year basis. equities research analysts predict that Quaker Chemical will post 5.93 EPS for the current year.

In other news, VP D Jeffry Benoliel sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $167.93, for a total value of $335,860.00. Following the completion of the transaction, the vice president now owns 11,531 shares of the company’s stock, valued at $1,936,400.83. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jan Nieman sold 1,243 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $170.00, for a total value of $211,310.00. Following the completion of the transaction, the vice president now directly owns 3,513 shares of the company’s stock, valued at approximately $597,210. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,520 shares of company stock valued at $1,486,414. Corporate insiders own 3.20% of the company’s stock.

Several research firms have issued reports on KWR. B. Riley set a $170.00 price target on Quaker Chemical and gave the company a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Finally, Janney Montgomery Scott began coverage on Quaker Chemical in a report on Friday, July 13th. They set a “neutral” rating and a $170.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $176.20.

Quaker Chemical Company Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

Featured Story: How Important is Technical Analysis of Stocks

Dividend History for Quaker Chemical (NYSE:KWR)

Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter.