Quaker Houghton Announces a 7% Increase in Cash Dividend

Rhea-AI Summary

Quaker Houghton (NYSE: KWR) has announced a 7% increase in its quarterly cash dividend to $0.485 per share. The dividend will be payable on October 31, 2024, to shareholders of record as of October 17, 2024. This marks the company's 15th consecutive year of dividend increases and its 48th increase since going public in 1972. CEO Andy Tometich expressed confidence in the company's long-term fundamentals and cash generation capabilities, emphasizing their commitment to enhancing shareholder value through a disciplined capital allocation strategy.

Positive

• Increased quarterly dividend by 7% to $0.485 per share
• 15th consecutive year of dividend increases
• 48th dividend increase since going public in 1972
• Management expresses confidence in long-term business fundamentals
• Strong cash generation capabilities highlighted

Negative

• None.

CONSHOHOCKEN, Pa., July 31, 2024 /PRNewswire/ -- The Board of Directors of Quaker Houghton (NYSE: KWR) today declared a $0.485 per share quarterly cash dividend, an increase of approximately 7% over the prior dividend.  The quarterly dividend is payable on October 31, 2024, to shareholders of record at the close of business on October 17, 2024.

Andy Tometich, Chief Executive Officer and President commented, "This marks our 15^th consecutive year of increasing our cash dividend and represents our 48^th increase since going public in 1972.  We remain confident in the long-term fundamentals of our business and our cash generation capabilities and are committed to enhancing shareholder value through our disciplined capital allocation strategy."

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 4,400 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 quarterly dividend amount for Quaker Houghton (KWR)?

Quaker Houghton (KWR) has declared a new quarterly cash dividend of $0.485 per share, representing a 7% increase from the previous dividend.

When will Quaker Houghton (KWR) pay its next dividend?

Quaker Houghton (KWR) will pay its next quarterly dividend on October 31, 2024, to shareholders of record as of October 17, 2024.

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

Quaker Houghton (KWR) has increased its dividend for 15 consecutive years, as of the July 31, 2024 announcement.

How many times has Quaker Houghton (KWR) increased its dividend since going public?

Quaker Houghton (KWR) has increased its dividend 48 times since going public in 1972.