Quaker Houghton Announces a 5% Increase in Cash Dividend

Rhea-AI Summary

Quaker Houghton (NYSE: KWR) Increases Quarterly Dividend by 5% to $0.455 per Share, Continuing a 14-Year Streak of Dividend Increases

Positive

• Consistent dividend growth for 14 consecutive years demonstrates the company's strong cash flow generation and long-term outlook.

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• None.

CONSHOHOCKEN, Pa., July 26, 2023 /PRNewswire/ -- The Board of Directors of Quaker Houghton (NYSE: KWR) today declared a $0.455 per share quarterly cash dividend, an increase of approximately 5% over the prior dividend.  The quarterly dividend is payable on October 31, 2023, to shareholders of record at the close of business on October 17, 2023.

Andy Tometich, Chief Executive Officer and President commented, "We are pleased to once again increase our dividend.  This increase represents our 14^th consecutive year and 47^th increase since going public in 1972 and highlights the conviction in our ability to generate cash flow.  We remain confident in the long-term outlook for our Company and the opportunities for continued growth."

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, container, 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 4,600 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 latest dividend declared by Quaker Houghton (NYSE: KWR)?

The latest dividend declared by Quaker Houghton is $0.455 per share, representing a 5% increase over the prior dividend.

When is the quarterly dividend payable to shareholders of Quaker Houghton (NYSE: KWR)?

The quarterly dividend is payable on October 31, 2023, to shareholders of record at the close of business on October 17, 2023.

How many consecutive years has Quaker Houghton (NYSE: KWR) increased its dividend?

Quaker Houghton has increased its dividend for 14 consecutive years, demonstrating a strong commitment to rewarding shareholders.

What does the increase in dividend by Quaker Houghton (NYSE: KWR) indicate?

The increase in dividend reflects the company's confidence in its ability to generate cash flow and its positive long-term outlook for continued growth.