Dividend Coverage: This Specialty Chemical Company Has Raised Dividend for 7 Consecutive Years; Will Trade Ex-Dividend on October 16, 2017

LONDON, UK / ACCESSWIRE / October 13, 2017 / Pro-Trader Daily takes a closer look at Quaker Chemical Corp. (NYSE: KWR) as the Company’s stock trading ex-dividend on October 16, 2017. To capture the dividend payout, investors must purchase the stock a day prior (excluding weekend) to the ex-dividend date that is by latest at the end of the trading session on October 13, 2017. Are you looking for research on dividend stocks? If so, register with us now for your free membership at:

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Today, PRO-TD covers ex-dividend news on KWR. Get our free coverage by signing up at:

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Dividend Declared

On September 20, 2017, Quaker Chemical’s Board of Directors declared a quarterly dividend of $0.355 per share, payable on October 31, 2017, to shareholders of record at the close of business on October 17, 2017.

Quaker Chemical’s indicated dividend represents a yield of 0.94%, compared to the average dividend yield of 2.27% for the Basic Materials sector. The Company has raised its dividend for seven consecutive years.

Dividend Insights

Quaker Chemical has a dividend payout ratio of 28.7%, which indicates that the Company distributes approximately $0.29 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Quaker Chemical is forecasted to report earnings of $5.91 for the next year, which is more than four times the Company’s annualized dividend of $1.42 per share.

Quaker Chemical’s net operating cash flow of $12.5 million in Q2 2017 increased its year-to-date net operating cash flow to $20.8 million, compared to $36.0 million in H1 2016. Overall, the Company’s liquidity and balance sheet remain strong, as its cash position exceeded its debt at June 30, 2017 by $24.2 million and the Company’s total debt continued to be less than one times its trailing twelve month adjusted earnings before interest, tax, depreciation, and amortization (EBITDA). The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Quaker Chemical

On September 7, 2017, Quaker Chemical announced the results of its Special Meeting of Shareholders. The Company’s shareholders approved the proposal necessary to complete the transaction to combine with Houghton International, Inc. The completion of the transaction, which is expected by the end of 2017 or early 2018, is subject to other customary closing conditions, including regulatory approvals.

In addition, shareholders also approved the elimination of a charter provision providing for a 10-1 voting right for shareholders holding shares for 36 consecutive months. Going forward, all shareholders will have 1-1 voting rights regardless of ownership duration. The transaction proposal received over 99% support of all votes cast by shareholders.

About Quaker Chemical Corp. (NYSE: KWR)

Quaker Chemical is a leading global provider of process fluids, chemical specialties, and technical expertise to a wide range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans, and others. For nearly 100 years, Quaker has helped customers around the world achieve production efficiency, improve product quality, and lower costs through a combination of innovative technology, process knowledge, and customized services. Headquartered in Conshohocken, Pennsylvania, USA, Quaker serves businesses worldwide with a network of dedicated and experienced professionals whose mission is to make a difference.

Stock Performance

On Thursday, October 12, 2017, the stock closed the trading session at $151.36, slightly climbing 0.11% from its previous closing price of $151.19. A total volume of 66.45 thousand shares have exchanged hands, which was higher than the 3-month average volume of 53.94 thousand shares. Quaker Chemical’s stock price soared 2.39% in the last three months, 12.44% in the past six months, and 43.48% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 18.31%. The stock is trading at a PE ratio of 38.48 and has a dividend yield of 0.94%. At Thursday’s closing price, the stock’s net capitalization stands at $2.00 billion.

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