Quaker Houghton Announces 5% Increase in Cash Dividend

Rhea-AI Summary

Quaker Houghton (NYSE: KWR) has declared a $0.435 per share quarterly cash dividend, marking a 5% increase from the previous dividend. The dividend will be payable on October 31, 2022, to shareholders on record by October 17, 2022. CEO Andy Tometich highlighted that this represents the company's 13th consecutive dividend increase and the 46th increase since it became public in 1972, reflecting their commitment to a balanced capital allocation strategy and confidence in future earnings and cash flow.

Positive

• 5% increase in quarterly cash dividend to $0.435.
• 13th consecutive dividend increase, showcasing stability.
• Evidence of long-term financial health with 46 total increases since 1972.

Negative

• None.

CONSHOHOCKEN, Pa., July 28, 2022 /PRNewswire/ -- The Board of Directors of Quaker Houghton (NYSE: KWR) today declared a $0.435 per share quarterly cash dividend, a 5% increase over the prior dividend.  The quarterly dividend is payable on October 31, 2022, to shareholders of record at the close of business on October 17, 2022.

Andy Tometich, Chief Executive Officer and President commented, "We are pleased to announce our 13th consecutive dividend increase and our 46th increase since going public in 1972.  This underscores our commitment to a balanced capital allocation strategy and is supported by our confidence in the future earnings and cash flow generation of the Company."

About Quaker Houghton

Quaker Houghton is the global leader in industrial process fluids. With a 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 4,700 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 announced by Quaker Houghton?

Quaker Houghton announced a new quarterly cash dividend of $0.435 per share.

When will the dividend be paid to shareholders?

The dividend is payable on October 31, 2022, to shareholders of record on October 17, 2022.

How many times has Quaker Houghton increased its dividend?

Quaker Houghton has increased its dividend 46 times since going public in 1972.

What does the dividend increase indicate about Quaker Houghton?

The dividend increase indicates Quaker Houghton's confidence in its future earnings and cash flow generation.

What is the significance of the 5% increase in dividends for KWR investors?

The 5% increase signifies a commitment to returning value to shareholders, which may enhance investor confidence.