Quaker Houghton Announces 5.1% Increase In Cash Dividend

Rhea-AI Summary

Quaker Houghton (NYSE: KWR) announced a quarterly dividend of $0.415 per share, marking a 5.1% increase from the previous dividend. The dividend is payable on October 29, 2021, to shareholders of record by October 15, 2021. This represents the company's 12th consecutive dividend increase and the 45th increase since its public listing in 1972, highlighting a strong track record of 50 years of uninterrupted dividends. The Board expressed confidence in future cash flow despite increased investments in working capital.

Positive

• Quarterly dividend raised by 5.1% to $0.415 per share.
• 12th consecutive dividend increase and 45th since going public.
• 50 years of uninterrupted dividends, indicating stability.
• Strong cash flow expected to continue despite higher working capital investments.

Negative

• None.

CONSHOHOCKEN, Pa., Aug. 3, 2021 /PRNewswire/ -- The Board of Directors of Quaker Houghton (NYSE: KWR) today declared a $0.415 per share quarterly dividend, a 5.1% increase over the prior dividend. The quarterly dividend is payable on October 29, 2021, to shareholders of record at the close of business on October 15, 2021.

Michael F. Barry, Chairman, Chief Executive Officer and President commented, "We are pleased to announce our 12th consecutive dividend increase and our 45th increase since going public in 1972.  We are proud of our track record of 50 years of uninterrupted dividends.  Our business has demonstrated above market cash flow and we believe this cash flow will remain strong into the future, despite higher current year investments in working capital.  Given our confidence in our business, financial performance and future cash generation, we remain confident in the ability to serve our customers and our shareholders well, which is evidenced by our continued dedication to annual dividend increases." 

Quaker Houghton (NYSE: KWR) is the global leader in industrial process fluids. With a robust presence around the world, including operations in over 25 countries, our customers include thousands of the world's most advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. Our high-performing, innovative and sustainable solutions are backed by best-in-class technology, deep process knowledge and customized services. With approximately 4,200 employees, including chemists, engineers and industry experts, we partner with our customers to improve their operations so they can run even more efficiently, even more effectively, whatever comes next. Quaker Houghton is headquartered in Conshohocken, Pennsylvania, located near Philadelphia in the United States. Visit quakerhoughton.com to learn more.

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SOURCE Quaker Houghton

FAQ

What is the new dividend amount for Quaker Houghton (KWR)?

Quaker Houghton (KWR) has declared a new quarterly dividend of $0.415 per share.

When will the dividend for Quaker Houghton (KWR) be paid?

The dividend will be paid on October 29, 2021.

Who qualifies for the dividend payment from Quaker Houghton (KWR)?

Shareholders of record at the close of business on October 15, 2021, will qualify for the dividend payment.

Is the dividend increase from Quaker Houghton (KWR) sustainable?

The company has expressed confidence in its cash flow and ability to continue annual dividend increases.