Koppers Holdings Inc. (NYSE:KOP) Announces Quarterly Dividend of $0.09

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, March 6th will be paid a dividend of 0.09 per share by the specialty chemicals company on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a 12.5% increase from Koppers’s previous quarterly dividend of $0.08.

Koppers has a payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 2.9%

NYSE:KOP opened at $34.16 on Thursday. Koppers has a 52 week low of $22.99 and a 52 week high of $35.61. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 2.63. The firm’s fifty day moving average is $28.82 and its 200-day moving average is $28.87. The firm has a market cap of $669.86 million, a P/E ratio of 42.70 and a beta of 1.40.

Institutional Investors Weigh In On Koppers

Hedge funds and other institutional investors have recently modified their holdings of the company. CSM Advisors LLC lifted its holdings in shares of Koppers by 27.1% in the 4th quarter. CSM Advisors LLC now owns 177,480 shares of the specialty chemicals company’s stock worth $4,806,000 after purchasing an additional 37,835 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in Koppers by 9.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 44,880 shares of the specialty chemicals company’s stock valued at $1,215,000 after purchasing an additional 4,020 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Koppers by 56.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 104,179 shares of the specialty chemicals company’s stock worth $2,821,000 after buying an additional 37,540 shares during the last quarter. State of Wyoming lifted its stake in shares of Koppers by 45.2% in the fourth quarter. State of Wyoming now owns 14,235 shares of the specialty chemicals company’s stock valued at $385,000 after buying an additional 4,433 shares in the last quarter. Finally, Marble Wealth LLC acquired a new position in shares of Koppers during the fourth quarter valued at about $409,000. Institutional investors own 92.75% of the company’s stock.

Koppers Company Profile

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.